Clear Creek Financial Management LLC Grows Stake in SPDR Gold Shares $GLD

Clear Creek Financial Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 82.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,889 shares of the exchange traded fund’s stock after purchasing an additional 13,053 shares during the period. SPDR Gold Shares accounts for about 0.9% of Clear Creek Financial Management LLC’s portfolio, making the stock its 18th biggest position. Clear Creek Financial Management LLC’s holdings in SPDR Gold Shares were worth $10,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC lifted 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 buying an additional 2,913,079 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $434,701,000 after acquiring an additional 35,619 shares during the period. Corient Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 108.1% in 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 acquiring an additional 559,507 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of SPDR Gold Shares by 15.4% in the 2nd 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 last quarter. Finally, State Street Corp lifted its holdings in shares of SPDR Gold Shares by 5.9% in 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. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.3%

Shares of NYSEARCA:GLD opened at $459.56 on Friday. SPDR Gold Shares has a 12 month low of $261.25 and a 12 month high of $509.70. The company has a market capitalization of $174.68 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm’s 50-day moving average is $431.34 and its 200 day moving average is $380.54.

Key Headlines 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.

Further Reading

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

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