Cohen & Steers Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,203 shares of the exchange traded fund’s stock, valued at approximately $5,998,000.
A number of other institutional investors also recently modified their holdings of the company. HWG Holdings LP bought a new stake in SPDR Gold Shares during the fourth quarter worth $28,000. Life Planning Partners Inc bought a new position in SPDR Gold Shares in the 4th quarter valued at $29,000. Rise Advisors LLC bought a new position in SPDR Gold Shares in the 4th quarter valued at $33,000. MCF Advisors LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Finally, Worth Asset Management LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $36,000. 40.89% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $159.82 on Friday. The business has a fifty day moving average price of $162.41 and a two-hundred day moving average price of $171.64. SPDR Gold Shares has a 1 year low of $157.32 and a 1 year high of $193.30.
SPDR Gold Shares Company Profile
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).
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