SPDR Gold Shares $GLD Shares Sold by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 122,710 shares of the exchange traded fund’s stock after selling 3,784 shares during the period. SPDR Gold Shares makes up approximately 4.0% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 3rd largest position. Richard C. Young & CO. LTD.’s holdings in SPDR Gold Shares were worth $43,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in 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 worth $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC increased its position in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. raised its stake in shares of SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after buying an additional 275 shares during the period. Finally, TIAA Trust National Association lifted its position in shares of SPDR Gold Shares by 46.8% during the 2nd quarter. TIAA Trust National Association now owns 1,972 shares of the exchange traded fund’s stock valued at $601,000 after buying an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $468.14 on Wednesday. The stock has a market capitalization of $177.94 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s fifty day moving average price is $443.57 and its 200 day moving average price is $390.95. SPDR Gold Shares has a 1 year low of $265.64 and a 1 year high of $509.70.

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

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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