Clearstead Advisors LLC Buys 9,021 Shares of SPDR Gold Shares $GLD

Clearstead Advisors LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 26.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,503 shares of the exchange traded fund’s stock after acquiring an additional 9,021 shares during the quarter. Clearstead Advisors LLC’s holdings in SPDR Gold Shares were worth $15,109,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GLD. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. lifted its position in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after acquiring an additional 275 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in SPDR Gold Shares by 3.8% in the second quarter. Forum Financial Management LP now owns 1,263 shares of the exchange traded fund’s stock valued at $385,000 after acquiring an additional 46 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 2.0%

Shares of GLD stock opened at $468.62 on Monday. SPDR Gold Shares has a 12-month low of $261.25 and a 12-month high of $509.70. The business’s fifty day simple moving average is $432.80 and its 200-day simple moving average is $382.63. The company has a market cap of $178.12 billion, a PE ratio of -32.43 and a beta of 0.09.

Trending Headlines about SPDR Gold Shares

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

SPDR Gold Shares Company 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

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.