SPDR Gold Shares $GLD Shares Bought by Cinctive Capital Management LP

Cinctive Capital Management LP raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 157.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,795 shares of the exchange traded fund’s stock after buying an additional 5,997 shares during the period. Cinctive Capital Management LP’s holdings in SPDR Gold Shares were worth $3,482,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GLD. Laurel Wealth Advisors LLC grew its position in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after buying an additional 2,913,079 shares during the period. First Eagle Investment Management LLC raised its position in shares of SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares during the period. Bank of Montreal Can acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $556,282,000. Ameriprise Financial Inc. boosted its stake in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after acquiring an additional 50,756 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after acquiring an additional 35,619 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

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SPDR Gold Shares Stock Down 1.3%

NYSEARCA:GLD opened at $460.84 on Monday. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The stock’s 50-day moving average price is $454.30 and its 200-day moving average price is $400.06. The stock has a market capitalization of $175.17 billion, a PE ratio of -32.43 and a beta of 0.09.

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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