Plimoth Trust Co. LLC Makes New Investment in SPDR Gold Shares $GLD

Plimoth Trust Co. LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,381 shares of the exchange traded fund’s stock, valued at approximately $846,000.

Several other hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the second quarter worth $26,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Kilter Group LLC bought a new stake in SPDR Gold Shares during the second quarter worth about $34,000. Legacy Wealth Managment LLC ID grew its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $43,000. 42.19% of the stock is currently owned by institutional investors.

Key Stores Impacting SPDR Gold Shares

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

SPDR Gold Shares Stock Up 1.2%

Shares of GLD opened at $416.74 on Monday. The stock has a market cap of $150.82 billion, a P/E ratio of -32.43 and a beta of 0.09. The business’s 50 day moving average price is $384.10 and its 200-day moving average price is $345.66. SPDR Gold Shares has a 52 week low of $239.58 and a 52 week high of $418.45.

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.

Further Reading

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

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