GFG Capital LLC Has $1.08 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

GFG Capital LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,458 shares of the exchange traded fund’s stock after purchasing an additional 842 shares during the quarter. GFG Capital LLC’s holdings in SPDR Gold Shares were worth $1,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Horst & Graben Wealth Management LLC bought a new stake in SPDR Gold Shares in the third quarter worth approximately $218,000. WJ Interests LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $213,000. Whittier Trust Co. increased its holdings in shares of SPDR Gold Shares by 9.0% during the third quarter. Whittier Trust Co. now owns 18,287 shares of the exchange traded fund’s stock valued at $4,445,000 after acquiring an additional 1,514 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $101,000. Finally, Bluesphere Advisors LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $335,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.0 %

Shares of NYSEARCA:GLD opened at $251.23 on Tuesday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $253.14. The business’s 50 day moving average is $238.17 and its 200 day moving average is $225.40.

SPDR Gold Shares Profile

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).