SPDR Gold Shares $GLD Shares Sold by ORG Partners LLC

ORG Partners LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 61.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,959 shares of the exchange traded fund’s stock after selling 4,628 shares during the quarter. ORG Partners LLC’s holdings in SPDR Gold Shares were worth $1,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC boosted its stake in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares in the last quarter. Empowered Funds LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $3,828,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $16,014,000. Finally, Jones Financial Companies Lllp raised its position in SPDR Gold Shares by 48.2% in the first quarter. Jones Financial Companies Lllp now owns 123,997 shares of the exchange traded fund’s stock worth $35,227,000 after acquiring an additional 40,351 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7%

Shares of NYSEARCA GLD opened at $414.47 on Friday. SPDR Gold Shares has a twelve month low of $245.15 and a twelve month high of $418.45. The firm has a 50-day moving average of $390.08 and a two-hundred day moving average of $351.63. The company has a market capitalization of $154.31 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares News Roundup

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

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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