D.A. Davidson & CO. Grows Position in SPDR Gold Shares $GLD

D.A. Davidson & CO. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,414 shares of the exchange traded fund’s stock after acquiring an additional 20,358 shares during the period. D.A. Davidson & CO.’s holdings in SPDR Gold Shares were worth $28,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. CWA Asset Management Group LLC grew its position in shares of SPDR Gold Shares by 47.7% during the third quarter. CWA Asset Management Group LLC now owns 160,811 shares of the exchange traded fund’s stock valued at $57,164,000 after purchasing an additional 51,936 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of SPDR Gold Shares by 8.0% in the third quarter. Ellis Investment Partners LLC now owns 949 shares of the exchange traded fund’s stock worth $337,000 after buying an additional 70 shares in the last quarter. City Holding Co. boosted its stake in SPDR Gold Shares by 33.8% during the third quarter. City Holding Co. now owns 14,144 shares of the exchange traded fund’s stock valued at $5,028,000 after buying an additional 3,573 shares during the last quarter. Kiley Juergens Wealth Management LLC grew its holdings in SPDR Gold Shares by 1.9% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 16,983 shares of the exchange traded fund’s stock valued at $6,037,000 after buying an additional 319 shares in the last quarter. Finally, DBK Financial Counsel LLC grew its holdings in SPDR Gold Shares by 2.3% during the 3rd quarter. DBK Financial Counsel LLC now owns 2,686 shares of the exchange traded fund’s stock valued at $955,000 after buying an additional 60 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $398.28 on Monday. The stock has a market capitalization of $149.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $242.05 and a 1 year high of $418.45. The business’s 50 day simple moving average is $385.59 and its 200-day simple moving average is $348.66.

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). 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.