Spirepoint Private Client LLC Takes Position in SPDR Gold Shares $GLD

Spirepoint Private Client LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the third quarter, Holdings Channel reports. The firm bought 2,088 shares of the exchange traded fund’s stock, valued at approximately $742,000.

Several other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC increased its stake in SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the period. Corient Private Wealth LLC boosted its holdings in SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in SPDR Gold Shares by 15.4% in the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock valued at $260,458,000 after purchasing an additional 114,028 shares during the period. State Street Corp grew its stake in SPDR Gold Shares by 5.9% during the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after purchasing an additional 47,264 shares in the last quarter. Finally, US Bancorp DE increased its holdings in SPDR Gold Shares by 0.3% during the 2nd quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock worth $233,853,000 after purchasing an additional 2,103 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

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

SPDR Gold Shares Stock Performance

Shares of GLD opened at $408.76 on Tuesday. SPDR Gold Shares has a 1 year low of $242.05 and a 1 year high of $418.45. The stock has a market capitalization of $153.16 billion, a PE ratio of -32.43 and a beta of 0.09. The stock has a 50-day simple moving average of $386.43 and a 200-day simple moving average of $349.35.

SPDR Gold Shares Profile

(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.

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

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