Jones Financial Companies Lllp Grows Stock Position in SPDR Gold Shares $GLD

Jones Financial Companies Lllp boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 18.0% during the third quarter, HoldingsChannel reports. The fund owned 205,002 shares of the exchange traded fund’s stock after buying an additional 31,279 shares during the period. Jones Financial Companies Lllp’s holdings in SPDR Gold Shares were worth $71,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of 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 worth $327,500,000 after acquiring an additional 559,507 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after purchasing an additional 114,028 shares during the period. State Street Corp boosted its position in shares of SPDR Gold Shares by 5.9% during the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after purchasing an additional 47,264 shares during the period. Finally, US Bancorp DE increased its holdings in SPDR Gold Shares by 0.3% in the 2nd quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock valued at $233,853,000 after purchasing an additional 2,103 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Down 4.0%

Shares of NYSEARCA GLD opened at $427.13 on Tuesday. The business’s 50 day moving average is $412.97 and its two-hundred day moving average is $367.92. SPDR Gold Shares has a 52-week low of $259.52 and a 52-week high of $509.70. The firm has a market cap of $162.78 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.

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

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