SPDR Gold Shares $GLD Stake Lifted by SYM FINANCIAL Corp

SYM FINANCIAL Corp lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 123.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,625 shares of the exchange traded fund’s stock after acquiring an additional 2,000 shares during the quarter. SYM FINANCIAL Corp’s holdings in SPDR Gold Shares were worth $1,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nicholson Wealth Management Group LLC lifted its stake in SPDR Gold Shares by 5.0% during the second quarter. Nicholson Wealth Management Group LLC now owns 3,755 shares of the exchange traded fund’s stock valued at $1,145,000 after purchasing an additional 179 shares during the last quarter. Joseph P. Lucia & Associates LLC increased its holdings in shares of SPDR Gold Shares by 8.5% in the second quarter. Joseph P. Lucia & Associates LLC now owns 1,689 shares of the exchange traded fund’s stock valued at $515,000 after buying an additional 132 shares in the last quarter. Princeton Capital Management LLC bought a new position in shares of SPDR Gold Shares in the second quarter valued at $220,000. Spirepoint Private Client LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $742,000. Finally, FAS Wealth Partners Inc. boosted its stake in shares of SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 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 Up 0.3%

Shares of NYSEARCA GLD opened at $495.90 on Friday. The stock’s fifty day simple moving average is $410.62 and its 200 day simple moving average is $365.30. The stock has a market capitalization of $188.39 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $256.45 and a 52-week high of $509.70.

SPDR Gold Shares 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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