Mirae Asset Global Investments Co. Ltd. lifted its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,348 shares of the exchange traded fund’s stock after acquiring an additional 13,400 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold Shares were worth $7,862,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in GLD. PayPay Securities Corp bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $26,000. Old North State Trust LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $26,000. DT Investment Partners LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $34,000. Worth Asset Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $36,000. Finally, WFA of San Diego LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $40,000. 37.94% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 1.0 %
NYSEARCA GLD opened at $183.64 on Monday. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36. The company’s 50 day simple moving average is $184.95 and its 200 day simple moving average is $175.10.
About SPDR Gold Shares
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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