Greatmark Investment Partners Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,381 shares of the exchange traded fund’s stock after buying an additional 250 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in SPDR Gold Shares were worth $221,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in GLD. Morgan Stanley increased its stake in shares of SPDR Gold Shares by 4.9% during the fourth quarter. Morgan Stanley now owns 14,912,925 shares of the exchange traded fund’s stock worth $2,659,869,000 after purchasing an additional 699,438 shares during the period. Marino Management LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $441,880,000. Mizuho Bank Ltd. grew its position in shares of SPDR Gold Shares by 124.3% during the 4th quarter. Mizuho Bank Ltd. now owns 2,400,000 shares of the exchange traded fund’s stock worth $428,064,000 after purchasing an additional 1,330,000 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SPDR Gold Shares by 10.3% during the fourth quarter. LPL Financial LLC now owns 2,272,496 shares of the exchange traded fund’s stock worth $405,322,000 after purchasing an additional 212,715 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of SPDR Gold Shares by 2.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,039,632 shares of the exchange traded fund’s stock valued at $185,429,000 after buying an additional 21,233 shares in the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares stock opened at $172.69 on Friday. The stock’s fifty day moving average price is $165.43 and its two-hundred day moving average price is $169.98. SPDR Gold Shares has a one year low of $157.04 and a one year high of $194.45.
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).
Featured Article: Basic Economics
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:GLD).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.