Rossmore Private Capital Takes $1.47 Million Position in SPDR Gold Shares $GLD

Rossmore Private Capital acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 4,121 shares of the exchange traded fund’s stock, valued at approximately $1,465,000.

Other large investors have also added to or reduced their stakes in the company. Mccarter Private Wealth Services LLC lifted its holdings in shares of SPDR Gold Shares by 3.2% in the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 27 shares in the last quarter. Norris Perne & French LLP MI grew its stake in SPDR Gold Shares by 3.3% during the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock valued at $310,000 after acquiring an additional 28 shares in the last quarter. Revisor Wealth Management LLC increased its holdings in SPDR Gold Shares by 2.4% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 29 shares during the period. Halbert Hargrove Global Advisors LLC lifted its stake in SPDR Gold Shares by 12.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 29 shares in the last quarter. Finally, Phil A. Younker & Associates Ltd. boosted its holdings in SPDR Gold Shares by 4.0% in the 3rd quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 30 shares during the period. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Price Performance

GLD opened at $451.79 on Friday. The firm has a market capitalization of $171.50 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $251.92 and a one year high of $452.98. The company has a fifty day moving average price of $400.27 and a 200-day moving average price of $359.35.

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

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

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