World Investment Advisors Raises Stock Position in SPDR Gold Shares $GLD

World Investment Advisors raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,778 shares of the exchange traded fund’s stock after purchasing an additional 6,151 shares during the quarter. World Investment Advisors’ holdings in SPDR Gold Shares were worth $12,990,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Morgan Stanley boosted its holdings in shares of SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after buying an additional 2,539,266 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after buying an additional 3,360,966 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after buying an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $556,282,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after buying an additional 50,756 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3%

Shares of GLD stock opened at $445.93 on Friday. SPDR Gold Shares has a 12 month low of $291.78 and a 12 month high of $509.70. The stock has a market cap of $163.79 billion, a PE ratio of -32.43 and a beta of 0.20. The company’s fifty day moving average price is $449.69 and its 200-day moving average price is $415.72.

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.

Further Reading

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

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