Seaview Investment Managers LLC Acquires 7,024 Shares of SPDR Gold Shares $GLD

Seaview Investment Managers LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 120.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,862 shares of the exchange traded fund’s stock after buying an additional 7,024 shares during the quarter. SPDR Gold Shares makes up about 1.9% of Seaview Investment Managers LLC’s investment portfolio, making the stock its 27th largest holding. Seaview Investment Managers LLC’s holdings in SPDR Gold Shares were worth $5,097,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GLD. Bank of Montreal Can bought a new stake in SPDR Gold Shares during the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC grew its position in SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares during the period. Axxcess Wealth Management LLC grew its position in SPDR Gold Shares by 1,158.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after buying an additional 464,376 shares during the period. Teacher Retirement System of Texas grew its position in SPDR Gold Shares by 103.7% during the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after buying an additional 289,550 shares during the period. Finally, Children s Medical Center Corp bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $88,734,000. 42.19% of the stock is currently owned by institutional investors.

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SPDR Gold Shares Price Performance

GLD opened at $413.82 on Tuesday. The firm has a market cap of $150.51 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The company has a 50 day simple moving average of $428.71 and a two-hundred day simple moving average of $425.39.

About SPDR Gold Shares

(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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