SPDR Gold Shares $GLD Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 16.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,182 shares of the exchange traded fund’s stock after buying an additional 9,831 shares during the quarter. SPDR Gold Shares comprises approximately 0.7% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 26th largest holding. SBI Securities Co. Ltd.’s holdings in SPDR Gold Shares were worth $25,303,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the second quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $31,000. Kilter Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $34,000. Traub Capital Management LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1%

Shares of GLD opened at $453.97 on Thursday. SPDR Gold Shares has a 52 week low of $261.25 and a 52 week high of $509.70. The stock’s 50-day moving average price is $415.87 and its 200-day moving average price is $369.54. The company has a market capitalization of $172.55 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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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.

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

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