SPDR Gold Shares $GLD Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 8.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,922 shares of the exchange traded fund’s stock after buying an additional 3,293 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in SPDR Gold Shares were worth $15,613,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in SPDR Gold Shares in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares in the third quarter valued at $31,000. Traub Capital Management LLC acquired a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. Finally, Kilter Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Down 1.3%

GLD stock opened at $460.84 on Friday. The firm’s 50-day simple moving average is $454.30 and its 200 day simple moving average is $398.84. The stock has a market cap of $175.17 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $272.58 and a fifty-two week high of $509.70.

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.

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

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