Marshall Investment Management LLC Purchases 45,136 Shares of SPDR Gold Shares $GLD

Marshall Investment Management LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1,351.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,477 shares of the exchange traded fund’s stock after purchasing an additional 45,136 shares during the quarter. SPDR Gold Shares accounts for about 9.1% of Marshall Investment Management LLC’s investment portfolio, making the stock its largest holding. Marshall Investment Management LLC’s holdings in SPDR Gold Shares were worth $17,232,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $26,000. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in SPDR Gold Shares during the third quarter worth about $31,000. Traub Capital Management LLC bought a new position in SPDR Gold Shares in the second quarter worth about $34,000. Finally, Kilter Group LLC bought a new position in SPDR Gold Shares in the second quarter worth about $34,000. Institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

SPDR Gold Shares Stock Down 0.1%

Shares of GLD stock opened at $460.43 on Tuesday. The company has a market cap of $175.01 billion, a P/E ratio of -32.43 and a beta of 0.09. The business has a 50 day moving average of $455.34 and a two-hundred day moving average of $401.08. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week 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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