SPDR Gold Shares $GLD Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,717 shares of the exchange traded fund’s stock after buying an additional 2,354 shares during the period. Flagship Harbor Advisors LLC’s holdings in SPDR Gold Shares were worth $7,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nicholson Wealth Management Group LLC raised its position in SPDR Gold Shares by 5.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 3,755 shares of the exchange traded fund’s stock valued at $1,145,000 after purchasing an additional 179 shares during the last quarter. Joseph P. Lucia & Associates LLC increased its stake in SPDR Gold Shares by 8.5% in the second quarter. Joseph P. Lucia & Associates LLC now owns 1,689 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 132 shares during the period. Princeton Capital Management LLC acquired a new position in SPDR Gold Shares in the second quarter valued at $220,000. Spirepoint Private Client LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at about $742,000. Finally, FAS Wealth Partners Inc. boosted its stake in shares of SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after buying an additional 8,691 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 0.1%

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

Further Reading

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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