SPDR Gold Shares $GLD Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,572 shares of the exchange traded fund’s stock after acquiring an additional 3,232 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR Gold Shares were worth $18,333,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barden Capital Management Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $222,000. Riggs Asset Managment Co. Inc. grew its stake in shares of SPDR Gold Shares by 11.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 77,630 shares of the exchange traded fund’s stock worth $27,595,000 after purchasing an additional 7,671 shares during the period. Obsidian Personal Planning Solutions LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $245,000. CreativeOne Wealth LLC increased its holdings in shares of SPDR Gold Shares by 2.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 37,621 shares of the exchange traded fund’s stock valued at $13,373,000 after purchasing an additional 965 shares in the last quarter. Finally, Prudent Investors Network Inc. lifted its stake in shares of SPDR Gold Shares by 3.8% in the 3rd quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock valued at $261,000 after purchasing an additional 27 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $473.51 on Friday. The company’s fifty day moving average price is $446.99 and its 200 day moving average price is $393.81. SPDR Gold Shares has a 1 year low of $265.64 and a 1 year high of $509.70. The company has a market capitalization of $179.98 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company 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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