Waverton Investment Management Ltd Has $26.27 Million Stake in SPDR Gold Shares $GLD

Waverton Investment Management Ltd boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,917 shares of the exchange traded fund’s stock after buying an additional 1,690 shares during the quarter. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $26,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLD. Hopwood Financial Services Inc. bought a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Chapman Financial Group LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $31,000. Kilter Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $34,000. Finally, Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $34,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3%

Shares of NYSEARCA GLD opened at $483.75 on Monday. The company has a market capitalization of $183.87 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70. The firm has a fifty day simple moving average of $440.84 and a 200 day simple moving average of $388.53.

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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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