Occidental Asset Management LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Occidental Asset Management LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,371 shares of the exchange traded fund’s stock after buying an additional 206 shares during the quarter. Occidental Asset Management LLC’s holdings in SPDR Gold Shares were worth $332,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLD. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Cerity Partners OCIO LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth $78,434,000. AlTi Global Inc. grew its stake in SPDR Gold Shares by 145.0% during the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after acquiring an additional 198,823 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. increased its holdings in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $249.27 on Friday. The firm has a 50-day simple moving average of $243.82 and a two-hundred day simple moving average of $237.98. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).