James Hambro & Partners LLP Raises Stake in SPDR Gold Shares $GLD

James Hambro & Partners LLP lifted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 6.9% during the third quarter, HoldingsChannel reports. The firm owned 58,542 shares of the exchange traded fund’s stock after purchasing an additional 3,763 shares during the period. SPDR Gold Shares accounts for about 0.7% of James Hambro & Partners LLP’s holdings, making the stock its 23rd largest position. James Hambro & Partners LLP’s holdings in SPDR Gold Shares were worth $20,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth about $26,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $34,000. Kilter Group LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its stake in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in SPDR Gold Shares in the second quarter worth approximately $43,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3%

Shares of NYSEARCA GLD opened at $413.64 on Wednesday. SPDR Gold Shares has a twelve month low of $239.58 and a twelve month high of $413.76. The firm has a market cap of $149.70 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a fifty day simple moving average of $382.75 and a two-hundred day simple moving average of $343.41.

More SPDR Gold Shares News

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SPDR Gold Shares Company Profile

(Free Report)

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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