SPDR Gold Shares $GLD Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,229 shares of the exchange traded fund’s stock after selling 25,772 shares during the period. SPDR Gold Shares comprises approximately 1.1% of Ascent Group LLC’s holdings, making the stock its 18th biggest position. Ascent Group LLC’s holdings in SPDR Gold Shares were worth $30,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of GLD. Joseph P. Lucia & Associates LLC grew its stake in SPDR Gold Shares by 2.4% in the third quarter. Joseph P. Lucia & Associates LLC now owns 1,729 shares of the exchange traded fund’s stock worth $615,000 after purchasing an additional 40 shares in the last quarter. Weaver Capital Management LLC lifted its holdings in SPDR Gold Shares by 20.0% during the 3rd quarter. Weaver Capital Management LLC now owns 5,826 shares of the exchange traded fund’s stock worth $2,071,000 after buying an additional 969 shares during the last quarter. Diversified Trust Co grew its position in shares of SPDR Gold Shares by 11.2% in the 3rd quarter. Diversified Trust Co now owns 1,927 shares of the exchange traded fund’s stock worth $685,000 after acquiring an additional 194 shares in the last quarter. Clark Asset Management LLC grew its position in shares of SPDR Gold Shares by 37.6% in the 3rd quarter. Clark Asset Management LLC now owns 2,807 shares of the exchange traded fund’s stock worth $998,000 after acquiring an additional 767 shares in the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 1.3% in the 3rd quarter. Segment Wealth Management LLC now owns 17,375 shares of the exchange traded fund’s stock valued at $6,176,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Up 0.1%

GLD stock opened at $398.89 on Wednesday. The stock’s 50 day simple moving average is $384.45 and its 200 day simple moving average is $346.85. SPDR Gold Shares has a 12-month low of $241.05 and a 12-month high of $418.45. The firm has a market cap of $144.36 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(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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