London & Capital Asset Management Ltd Acquires 11,624 Shares of SPDR Gold Shares $GLD

London & Capital Asset Management Ltd boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,790 shares of the exchange traded fund’s stock after purchasing an additional 11,624 shares during the quarter. SPDR Gold Shares comprises approximately 5.9% of London & Capital Asset Management Ltd’s holdings, making the stock its 3rd largest position. London & Capital Asset Management Ltd owned about 0.06% of SPDR Gold Shares worth $82,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at $16,014,000. Schnieders Capital Management LLC. grew its position in SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in SPDR Gold Shares by 7.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,921 shares of the exchange traded fund’s stock worth $890,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $483.75 on Monday. The firm’s 50-day moving average is $440.84 and its 200-day moving average is $388.53. The company has a market cap of $183.87 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70.

About SPDR Gold Shares

(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

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

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