Kingsview Wealth Management LLC Acquires 9,226 Shares of SPDR Gold Shares $GLD

Kingsview Wealth Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,692 shares of the exchange traded fund’s stock after purchasing an additional 9,226 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SPDR Gold Shares were worth $20,863,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GLD. Brighton Jones LLC lifted its position in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at about $16,014,000. Schnieders Capital Management LLC. raised its holdings in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in SPDR Gold Shares by 7.7% during the second quarter. Hantz Financial Services Inc. now owns 2,921 shares of the exchange traded fund’s stock valued at $890,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3%

GLD stock opened at $483.75 on Monday. The company has a market cap of $183.87 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70. The business has a 50 day moving average price of $440.84 and a two-hundred day moving average price of $388.53.

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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.

See Also

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

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