Reyes Financial Architecture Inc. Has $15.99 Million Stake in SPDR Gold Shares $GLD

Reyes Financial Architecture Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 650.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,987 shares of the exchange traded fund’s stock after acquiring an additional 38,990 shares during the quarter. SPDR Gold Shares comprises about 10.9% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 2nd largest holding. Reyes Financial Architecture Inc.’s holdings in SPDR Gold Shares were worth $15,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GLD. Empirical Asset Management LLC increased its holdings in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares during the period. Colonial Trust Advisors boosted its position in shares of SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Princeton Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $220,000. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares in the third quarter valued at approximately $742,000. Finally, Alpha Cubed Investments LLC raised its position in SPDR Gold Shares by 5.7% during the second quarter. Alpha Cubed Investments LLC now owns 2,722 shares of the exchange traded fund’s stock valued at $830,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $471.80 on Thursday. The business has a fifty day moving average price of $444.77 and a two-hundred day moving average price of $391.52. The stock has a market capitalization of $179.33 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $265.64 and a fifty-two week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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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.

See Also

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

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