SPDR Gold Shares $GLD Shares Acquired by BBR Partners LLC

BBR Partners LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 195.3% during the third quarter, HoldingsChannel.com reports. The fund owned 44,527 shares of the exchange traded fund’s stock after acquiring an additional 29,450 shares during the period. SPDR Gold Shares makes up 0.9% of BBR Partners LLC’s portfolio, making the stock its 14th largest position. BBR Partners LLC’s holdings in SPDR Gold Shares were worth $15,828,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLD. Laurel Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in SPDR Gold Shares during the second quarter worth about $101,508,000. Quadrature Capital Ltd purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at about $99,996,000. Finally, Flow Traders U.S. LLC grew its stake in SPDR Gold Shares by 276.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 304,814 shares of the exchange traded fund’s stock valued at $92,916,000 after acquiring an additional 223,744 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

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SPDR Gold Shares Trading Down 3.1%

GLD stock opened at $448.20 on Wednesday. The firm has a 50-day moving average of $428.63 and a two-hundred day moving average of $379.43. SPDR Gold Shares has a 12 month low of $261.25 and a 12 month high of $509.70. The company has a market cap of $170.36 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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

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