SPDR Gold Shares $GLD Shares Purchased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,079 shares of the exchange traded fund’s stock after buying an additional 1,225 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in SPDR Gold Shares were worth $2,805,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its position in SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after buying an additional 66,416 shares during the last quarter. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the third quarter worth approximately $556,282,000. Ameriprise Financial Inc. grew its position in SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after buying an additional 50,756 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Gold Shares by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after buying an additional 35,619 shares during the last quarter. Finally, Barclays PLC grew its position in SPDR Gold Shares by 1.4% in the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after buying an additional 15,932 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $411.27 on Friday. The firm has a market cap of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The firm’s 50 day moving average price is $425.14 and its two-hundred day moving average price is $427.44.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Company 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.

Featured Stories

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

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.