10,198 Shares in SPDR Gold Shares $GLD Bought by Financial Plan Inc.

Financial Plan Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,198 shares of the exchange traded fund’s stock, valued at approximately $4,042,000. SPDR Gold Shares comprises approximately 0.5% of Financial Plan Inc.’s holdings, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Eagle Investment Management LLC increased its stake 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 worth $899,764,000 after purchasing an additional 66,416 shares during the period. Bank of Montreal Can purchased a new stake in SPDR Gold Shares in the third quarter worth $556,282,000. Ameriprise Financial Inc. increased its stake in SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after purchasing an additional 50,756 shares during the period. Envestnet Asset Management Inc. increased its stake in SPDR Gold Shares by 3.0% in the third 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 during the period. Finally, Barclays PLC increased its stake in SPDR Gold Shares by 1.4% in the third 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 during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.8%

GLD stock opened at $429.57 on Wednesday. The business’s fifty day simple moving average is $448.53 and its two-hundred day simple moving average is $417.68. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70. The firm has a market cap of $158.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

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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.

See Also

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

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