SPDR Gold Shares $GLD Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.5% during the third quarter, HoldingsChannel reports. The firm owned 16,367 shares of the exchange traded fund’s stock after purchasing an additional 1,813 shares during the quarter. RFG Advisory LLC’s holdings in SPDR Gold Shares were worth $5,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC grew its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at about $16,014,000. Cerro Pacific Wealth Advisors LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth about $201,000. Finally, Yarger Wealth Strategies LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth about $275,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Trading Up 2.5%

Shares of NYSEARCA GLD opened at $467.03 on Tuesday. SPDR Gold Shares has a 12 month low of $261.25 and a 12 month high of $509.70. The company has a 50 day simple moving average of $419.94 and a two-hundred day simple moving average of $372.93. The stock has a market cap of $177.52 billion, a price-to-earnings 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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