Orion Portfolio Solutions LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 51.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,653 shares of the exchange traded fund’s stock after buying an additional 5,644 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SPDR Gold Shares were worth $2,805,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allianz Asset Management GmbH acquired a new position in SPDR Gold Shares in the 4th quarter worth about $2,052,000. Renaissance Technologies LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth $20,242,000. O Shaughnessy Asset Management LLC raised its position in SPDR Gold Shares by 317.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,570 shares of the exchange traded fund’s stock worth $268,000 after acquiring an additional 1,194 shares during the period. Blair William & Co. IL lifted its holdings in SPDR Gold Shares by 2.3% during the fourth quarter. Blair William & Co. IL now owns 190,735 shares of the exchange traded fund’s stock valued at $32,608,000 after purchasing an additional 4,292 shares in the last quarter. Finally, Summit Global Investments grew its position in shares of SPDR Gold Shares by 7.3% in the fourth quarter. Summit Global Investments now owns 4,443 shares of the exchange traded fund’s stock valued at $760,000 after purchasing an additional 301 shares during the period. 40.89% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
GLD opened at $155.70 on Friday. SPDR Gold Shares has a twelve month low of $154.01 and a twelve month high of $193.30. The company has a 50-day moving average price of $161.36 and a 200 day moving average price of $170.22.
SPDR Gold Shares Profile
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).
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