Nwam LLC Grows Stake in SPDR Gold Shares $GLD

Nwam LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,707 shares of the exchange traded fund’s stock after purchasing an additional 2,398 shares during the quarter. SPDR Gold Shares accounts for approximately 1.1% of Nwam LLC’s holdings, making the stock its 14th biggest position. Nwam LLC’s holdings in SPDR Gold Shares were worth $16,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC boosted its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth $16,014,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of SPDR Gold Shares by 93.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,551 shares of the exchange traded fund’s stock worth $473,000 after purchasing an additional 750 shares during the last quarter. Finally, Thrive Wealth Management LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $225,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $423.33 on Friday. SPDR Gold Shares has a one year low of $249.15 and a one year high of $426.86. The stock has a 50-day moving average of $394.67 and a 200 day moving average of $354.91. The company has a market capitalization of $157.52 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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.

See Also

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

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