SPDR Gold Shares $GLD Shares Acquired by Violich Capital Management Inc.

Violich Capital Management Inc. increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 47,898 shares of the exchange traded fund’s stock after acquiring an additional 2,351 shares during the quarter. SPDR Gold Shares makes up approximately 2.0% of Violich Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Violich Capital Management Inc.’s holdings in SPDR Gold Shares were worth $17,026,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares during the period. Corient Private Wealth LLC grew its holdings in SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares during the period. TD Asset Management Inc increased its stake in shares of SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after acquiring an additional 356,401 shares during the last quarter. Harvard Management Co. Inc. purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $101,508,000. Finally, Quadrature Capital Ltd purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $99,996,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $421.29 on Monday. SPDR Gold Shares has a 1 year low of $249.15 and a 1 year high of $426.86. The firm has a 50 day moving average price of $395.73 and a 200 day moving average price of $356.38. The company has a market cap of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company 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

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

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