SPDR Gold Shares $GLD Stock Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,555,831 shares of the exchange traded fund’s stock after acquiring an additional 50,756 shares during the quarter. Ameriprise Financial Inc. owned about 0.43% of SPDR Gold Shares worth $554,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GLD. Laurel Wealth Advisors LLC raised its position in SPDR Gold Shares by 31,232.8% in 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 in the last quarter. Bank of Montreal Can acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $556,282,000. Corient Private Wealth LLC boosted its position 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 valued at $327,500,000 after purchasing an additional 559,507 shares in the last quarter. Harvard Management Co. Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $101,508,000. Finally, Quadrature Capital Ltd acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $99,996,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $460.84 on Monday. The company has a market capitalization of $175.17 billion, a PE ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average of $454.30 and a 200-day moving average of $400.06. SPDR Gold Shares has a one year low of $272.58 and a one year high of $509.70.

SPDR Gold Shares 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.

See Also

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

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