2,223 Shares in SPDR Gold Shares $GLD Purchased by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,223 shares of the exchange traded fund’s stock, valued at approximately $881,000.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. boosted its holdings in shares of SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $337,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

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

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $417.40 on Thursday. The stock has a market cap of $151.81 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s 50 day simple moving average is $432.24 and its 200-day simple moving average is $424.37. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70.

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.

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

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