Landsberg Bennett & Dubbaneh LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Landsberg Bennett & Dubbaneh LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2,200.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,890 shares of the exchange traded fund’s stock after acquiring an additional 54,417 shares during the period. SPDR Gold Shares accounts for 2.2% of Landsberg Bennett & Dubbaneh LLC’s investment portfolio, making the stock its 4th largest holding. Landsberg Bennett & Dubbaneh LLC’s holdings in SPDR Gold Shares were worth $8,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in GLD. Archford Capital Strategies LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Prestige Wealth Management Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $28,000. Private Capital Group LLC boosted its holdings in shares of SPDR Gold Shares by 290.0% during the 2nd quarter. Private Capital Group LLC now owns 390 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 290 shares in the last quarter. First National Bank of South Miami boosted its holdings in shares of SPDR Gold Shares by 375.0% during the 2nd quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 300 shares in the last quarter. Finally, Glassman Wealth Services bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $56,000.

Shares of SPDR Gold Shares stock traded down $0.61 on Friday, reaching $140.20. 1,362,137 shares of the company’s stock were exchanged, compared to its average volume of 9,384,930. SPDR Gold Shares has a 52 week low of $113.42 and a 52 week high of $146.82. The firm’s 50-day moving average is $142.37 and its two-hundred day moving average is $131.49.

About SPDR Gold Shares

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).

Further Reading: Discount Rate

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

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