Granite Bay Wealth Management LLC Has $2.52 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Granite Bay Wealth Management LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,406 shares of the exchange traded fund’s stock after purchasing an additional 365 shares during the period. SPDR Gold Shares comprises 0.9% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares during the period. Cerity Partners OCIO LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at $78,434,000. AlTi Global Inc. increased its holdings in SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after purchasing an additional 198,823 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after purchasing an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. lifted its holdings in SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after buying an additional 114,151 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $245.74 on Tuesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The stock has a 50-day moving average of $243.87 and a 200-day moving average of $237.59.

SPDR Gold Shares Profile

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).