Bank Pictet & Cie Europe AG Grows Position in SPDR Gold Shares $GLD

Bank Pictet & Cie Europe AG increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 26.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,482 shares of the exchange traded fund’s stock after acquiring an additional 8,583 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in SPDR Gold Shares were worth $14,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its stake in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the last quarter. Vident Advisory LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $279,000. Ancora Advisors LLC boosted its position in shares of SPDR Gold Shares by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 14,252 shares of the exchange traded fund’s stock valued at $4,107,000 after acquiring an additional 94 shares during the last quarter. Finally, Amundi boosted its position in shares of SPDR Gold Shares by 680.4% during the 1st quarter. Amundi now owns 18,925 shares of the exchange traded fund’s stock valued at $5,420,000 after acquiring an additional 16,500 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

GLD stock opened at $396.31 on Friday. The firm has a fifty day moving average price of $385.18 and a 200 day moving average price of $347.53. SPDR Gold Shares has a fifty-two week low of $241.05 and a fifty-two week high of $418.45. The firm has a market cap of $143.42 billion, a PE 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.

Featured Stories

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.