Focus Partners Wealth Has $157.04 Million Stock Position in SPDR Gold Shares $GLD

Focus Partners Wealth grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 20.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,460 shares of the exchange traded fund’s stock after buying an additional 75,017 shares during the quarter. Focus Partners Wealth owned approximately 0.12% of SPDR Gold Shares worth $157,038,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its holdings in shares of 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 valued at $890,837,000 after acquiring an additional 2,913,079 shares in the last quarter. First Eagle Investment Management LLC grew its position in SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares during the last quarter. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the 3rd quarter worth about $556,282,000. Ameriprise Financial Inc. increased its holdings in SPDR Gold Shares by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after purchasing an additional 50,756 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in SPDR Gold Shares by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after purchasing an additional 35,619 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

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SPDR Gold Shares Trading Down 1.3%

Shares of GLD stock opened at $460.84 on Monday. The business’s 50-day moving average price is $454.30 and its 200-day moving average price is $400.06. SPDR Gold Shares has a 12 month low of $272.58 and a 12 month high of $509.70. The firm has a market capitalization of $175.17 billion, a price-to-earnings 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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