Granite Bay Wealth Management LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.0% in the third quarter, Holdings Channel.com reports. The firm owned 10,041 shares of the exchange traded fund’s stock after acquiring an additional 566 shares during the quarter. SPDR Gold Shares makes up about 1.4% of Granite Bay Wealth Management LLC’s holdings, making the stock its 17th largest position. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,441,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in GLD. Pinebridge Investments L.P. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $8,065,000. Stephens Inc. AR lifted its position in shares of SPDR Gold Shares by 0.3% during the 4th quarter. Stephens Inc. AR now owns 43,664 shares of the exchange traded fund’s stock valued at $8,347,000 after acquiring an additional 137 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $266,000. Azimuth Capital Investment Management LLC lifted its position in shares of SPDR Gold Shares by 8.9% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 1,770 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 145 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $1,183,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 0.1 %
GLD stock opened at $245.49 on Friday. The firm has a 50 day moving average of $232.81 and a 200-day moving average of $221.68. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $247.37.
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).
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