Entrewealth LLC Raises Holdings in SPDR Gold Shares $GLD

Entrewealth LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 280.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,011 shares of the exchange traded fund’s stock after buying an additional 2,219 shares during the quarter. Entrewealth LLC’s holdings in SPDR Gold Shares were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its holdings in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after acquiring an additional 2,913,079 shares during the period. First Eagle Investment Management LLC lifted its holdings in SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after acquiring an additional 66,416 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after purchasing an additional 35,619 shares in the last quarter. Barclays PLC boosted its position in shares of SPDR Gold Shares by 1.4% during the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after purchasing an additional 15,932 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after purchasing an additional 559,507 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.6%

Shares of GLD opened at $473.51 on Friday. The company has a 50-day simple moving average of $446.99 and a 200-day simple moving average of $393.19. The company has a market capitalization of $179.98 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $265.64 and a 52-week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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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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