Curated Wealth Partners LLC Invests $8.78 Million in SPDR Gold Shares $GLD

Curated Wealth Partners LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,158 shares of the exchange traded fund’s stock, valued at approximately $8,781,000. SPDR Gold Shares makes up approximately 0.9% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also modified their holdings of GLD. Hopwood Financial Services Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $31,000. Finally, Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

SPDR Gold Shares Trading Up 0.0%

NYSEARCA:GLD opened at $404.13 on Wednesday. The firm’s fifty day simple moving average is $456.53 and its 200 day simple moving average is $405.34. SPDR Gold Shares has a twelve month low of $272.58 and a twelve month high of $509.70. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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.

Further Reading

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

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