Geneva Partners LLC Buys 26,986 Shares of SPDR Gold Shares $GLD

Geneva Partners LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 316.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,525 shares of the exchange traded fund’s stock after purchasing an additional 26,986 shares during the quarter. SPDR Gold Shares makes up approximately 4.6% of Geneva Partners LLC’s holdings, making the stock its 5th largest position. Geneva Partners LLC’s holdings in SPDR Gold Shares were worth $12,628,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Laurel Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $101,508,000. Quadrature Capital Ltd bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $99,996,000. Finally, Flow Traders U.S. LLC lifted its position in SPDR Gold Shares by 276.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 304,814 shares of the exchange traded fund’s stock valued at $92,916,000 after purchasing an additional 223,744 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 1.3%

SPDR Gold Shares stock opened at $483.75 on Monday. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70. The firm has a market capitalization of $183.87 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50-day moving average price of $440.84 and a two-hundred day moving average price of $388.53.

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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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