Evercore Wealth Management LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Evercore Wealth Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 95,959 shares of the exchange traded fund’s stock after buying an additional 1,859 shares during the quarter. Evercore Wealth Management LLC’s holdings in SPDR Gold Shares were worth $17,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Claremont Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $3,016,000. HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $28,000. Life Planning Partners Inc acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $29,000. MCF Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Finally, Rise Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $33,000. Institutional investors and hedge funds own 40.89% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

NYSEARCA:GLD opened at $160.63 on Tuesday. SPDR Gold Shares has a 1-year low of $157.32 and a 1-year high of $193.30. The company’s fifty day moving average price is $162.41 and its 200-day moving average price is $171.61.

About SPDR Gold Shares

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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).

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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