CM Wealth Advisors LLC Purchases Shares of 1,629 SPDR Gold Shares $GLD

CM Wealth Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,629 shares of the exchange traded fund’s stock, valued at approximately $579,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLD. Flagship Harbor Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 12.2% during the third quarter. Flagship Harbor Advisors LLC now owns 21,717 shares of the exchange traded fund’s stock worth $7,720,000 after purchasing an additional 2,354 shares during the period. HighPoint Advisor Group LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $981,000. Linscomb Wealth Inc. lifted its holdings in SPDR Gold Shares by 5.3% in the 3rd quarter. Linscomb Wealth Inc. now owns 1,984 shares of the exchange traded fund’s stock worth $705,000 after buying an additional 100 shares during the period. SouthState Bank Corp grew its position in shares of SPDR Gold Shares by 2.1% in the 3rd quarter. SouthState Bank Corp now owns 3,163 shares of the exchange traded fund’s stock worth $1,124,000 after buying an additional 65 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of SPDR Gold Shares by 16.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 71,182 shares of the exchange traded fund’s stock worth $25,303,000 after buying an additional 9,831 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Summary

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

SPDR Gold Shares Stock Performance

GLD opened at $453.97 on Thursday. The stock has a market capitalization of $172.55 billion, a PE ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average price is $415.87 and its 200-day moving average price is $369.54. SPDR Gold Shares has a 52-week low of $261.25 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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