Bank Pictet & Cie Europe AG reduced its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 42,210 shares of the exchange traded fund’s stock after selling 401 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in SPDR Gold Shares were worth $10,228,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter worth $25,000. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at about $26,000. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD opened at $253.89 on Wednesday. The firm has a 50-day moving average of $238.69 and a 200 day moving average of $225.67. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $253.94.
About SPDR Gold Shares
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).
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
- Business Services Stocks Investing
- Short Sellers Eye Palantir: Should You Buy the Dip?
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.
