Webster Bank N. A. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 86.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,380 shares of the exchange traded fund’s stock after buying an additional 638 shares during the period. Webster Bank N. A.’s holdings in SPDR Gold Shares were worth $156,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in GLD. Canton Hathaway LLC purchased a new stake in SPDR Gold Shares in the third quarter worth $540,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in SPDR Gold Shares in the third quarter worth $138,000. Bellecapital International Ltd. increased its stake in SPDR Gold Shares by 27.5% in the third quarter. Bellecapital International Ltd. now owns 24,023 shares of the exchange traded fund’s stock worth $2,709,000 after purchasing an additional 5,178 shares during the period. Rathbone Brothers plc increased its stake in SPDR Gold Shares by 4.7% in the third quarter. Rathbone Brothers plc now owns 110,630 shares of the exchange traded fund’s stock worth $12,475,000 after purchasing an additional 4,976 shares during the period. Finally, Gradient Investments LLC increased its stake in SPDR Gold Shares by 23.3% in the third quarter. Gradient Investments LLC now owns 2,581 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 488 shares during the period.
GLD stock opened at $115.23 on Friday. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $129.51.
About SPDR Gold Shares
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).
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