SPDR Gold Shares $GLD Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,412 shares of the exchange traded fund’s stock after acquiring an additional 1,927 shares during the period. Vontobel Holding Ltd.’s holdings in SPDR Gold Shares were worth $20,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the 2nd quarter worth $34,000. Kilter Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $34,000. Legacy Wealth Managment LLC ID increased its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares in the second quarter valued at $43,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 0.4%

Shares of SPDR Gold Shares stock opened at $411.93 on Thursday. The firm’s 50 day moving average is $383.24 and its two-hundred day moving average is $343.89. SPDR Gold Shares has a 52 week low of $239.58 and a 52 week high of $413.76. The firm has a market capitalization of $149.08 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(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.

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

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