FAS Wealth Partners Inc. Purchases 8,691 Shares of SPDR Gold Shares $GLD

FAS Wealth Partners Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 71.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,916 shares of the exchange traded fund’s stock after acquiring an additional 8,691 shares during the quarter. FAS Wealth Partners Inc.’s holdings in SPDR Gold Shares were worth $7,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC lifted its stake in shares of SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares during the period. Corient Private Wealth LLC increased its holdings in SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in SPDR Gold Shares by 15.4% in the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after acquiring an additional 114,028 shares during the period. State Street Corp boosted its stake in shares of SPDR Gold Shares by 5.9% during the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after acquiring an additional 47,264 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of SPDR Gold Shares by 0.3% during the 2nd quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock valued at $233,853,000 after acquiring an additional 2,103 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $421.29 on Friday. SPDR Gold Shares has a one year low of $249.15 and a one year high of $426.86. The business has a fifty day moving average price of $395.73 and a 200-day moving average price of $356.05. The firm has a market capitalization of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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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.

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

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