SPDR Gold Shares $GLD Shares Bought by L & S Advisors Inc

L & S Advisors Inc lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 9,155.0% in the third quarter, HoldingsChannel reports. The fund owned 130,865 shares of the exchange traded fund’s stock after buying an additional 129,451 shares during the period. SPDR Gold Shares accounts for approximately 4.5% of L & S Advisors Inc’s investment portfolio, making the stock its largest holding. L & S Advisors Inc’s holdings in SPDR Gold Shares were worth $46,519,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC raised its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $16,014,000. Schnieders Capital Management LLC. lifted its stake in shares of SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the period. Finally, Klingman & Associates LLC boosted its position in shares of SPDR Gold Shares by 2.8% in the 2nd quarter. Klingman & Associates LLC now owns 1,791 shares of the exchange traded fund’s stock worth $546,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Up 2.2%

Shares of SPDR Gold Shares stock opened at $458.28 on Thursday. The business has a fifty day simple moving average of $430.01 and a 200 day simple moving average of $379.98. The stock has a market cap of $174.19 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $261.25 and a 12 month high of $509.70.

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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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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