Montag A & Associates Inc. Acquires 2,719 Shares of SPDR Gold Shares $GLD

Montag A & Associates Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,274 shares of the exchange traded fund’s stock after acquiring an additional 2,719 shares during the quarter. Montag A & Associates Inc.’s holdings in SPDR Gold Shares were worth $8,724,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in SPDR Gold Shares by 571.3% during the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after buying an additional 3,360,966 shares during the period. Morgan Stanley lifted its stake in shares of SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $556,282,000. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $474,952,000. Finally, Marino Management LLC bought a new position in SPDR Gold Shares during the 4th quarter worth approximately $438,475,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $377.49 on Wednesday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The business’s 50 day simple moving average is $402.40 and its two-hundred day simple moving average is $426.88. The stock has a market capitalization of $132.39 billion, a P/E ratio of -32.43 and a beta of 0.17.

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About SPDR Gold Shares

(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.

See Also

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

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