Mission Wealth Management LP grew its position in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 128.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,840 shares of the exchange traded fund’s stock after purchasing an additional 2,724 shares during the period. Mission Wealth Management LP’s holdings in SPDR Gold Shares were worth $887,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of GLD. Moneta Group Investment Advisors LLC grew its position in SPDR Gold Shares by 67,584.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after purchasing an additional 3,032,521 shares during the last quarter. State Street Corp lifted its stake in shares of SPDR Gold Shares by 256.0% in the 1st quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after acquiring an additional 821,773 shares during the period. Fullerton Fund Management Co Ltd. lifted its stake in shares of SPDR Gold Shares by 4,847.1% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 622,043 shares of the exchange traded fund’s stock worth $105,523,000 after acquiring an additional 609,469 shares during the period. Virtu Financial LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $100,880,000. Finally, Wellington Management Group LLP lifted its stake in shares of SPDR Gold Shares by 134.7% in the 1st quarter. Wellington Management Group LLP now owns 934,636 shares of the exchange traded fund’s stock worth $168,842,000 after acquiring an additional 536,327 shares during the period. Institutional investors own 38.86% of the company’s stock.
SPDR Gold Shares Stock Down 1.0 %
Shares of NYSEARCA:GLD opened at $179.78 on Wednesday. The company has a 50 day moving average of $184.25 and a 200-day moving average of $178.10. SPDR Gold Shares has a twelve month low of $150.57 and a twelve month high of $191.36.
SPDR Gold Shares Profile
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).
Further Reading
- Get a free copy of the StockNews.com research report on SPDR Gold Shares (GLD)
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