Glenmede Investment Management LP Acquires 3,246 Shares of SPDR Gold Shares $GLD

Glenmede Investment Management LP lifted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,986 shares of the exchange traded fund’s stock after purchasing an additional 3,246 shares during the quarter. Glenmede Investment Management LP owned 0.05% of SPDR Gold Shares worth $69,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. Empirical Asset Management LLC raised its stake in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares during the last quarter. Colonial Trust Advisors boosted its stake in shares of SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after buying an additional 1,385 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in shares of SPDR Gold Shares in the third quarter worth $742,000. FAS Wealth Partners Inc. grew its holdings in shares of SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in SPDR Gold Shares by 19.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after acquiring an additional 5,932 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

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

Key Headlines Impacting SPDR Gold Shares

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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.

See Also

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

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