SPDR Gold Shares $GLD Shares Purchased by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 130.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,486 shares of the exchange traded fund’s stock after buying an additional 51,234 shares during the period. SPDR Gold Shares accounts for about 1.9% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Jacobi Capital Management LLC’s holdings in SPDR Gold Shares were worth $32,165,000 at the end of the most recent quarter.

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

SPDR Gold Shares Trading Down 3.1%

SPDR Gold Shares stock opened at $448.20 on Wednesday. SPDR Gold Shares has a 52 week low of $261.25 and a 52 week high of $509.70. The stock has a market cap of $170.36 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company’s 50-day moving average price is $428.63 and its two-hundred day moving average price is $379.43.

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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

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

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