Covington Capital Management increased its position in shares of SPDR Gold Trust (NYSEARCA:GLD) by 7.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,598 shares of the exchange traded fund’s stock after buying an additional 3,300 shares during the quarter. Covington Capital Management’s holdings in SPDR Gold Trust were worth $5,762,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its stake in SPDR Gold Trust by 6,385.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 306,633 shares of the exchange traded fund’s stock worth $37,280,000 after buying an additional 301,905 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in SPDR Gold Trust by 42.1% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 7,410 shares of the exchange traded fund’s stock worth $901,000 after buying an additional 2,195 shares during the last quarter. Sterling Capital Management LLC purchased a new position in SPDR Gold Trust during the 3rd quarter worth approximately $262,000. Westside Investment Management Inc. grew its stake in SPDR Gold Trust by 4.7% during the 3rd quarter. Westside Investment Management Inc. now owns 25,596 shares of the exchange traded fund’s stock worth $3,125,000 after buying an additional 1,159 shares during the last quarter. Finally, Efficient Advisors LLC purchased a new position in SPDR Gold Trust during the 3rd quarter worth approximately $1,934,000.
SPDR Gold Trust (GLD) traded down $0.24 on Wednesday, hitting $125.54. The stock had a trading volume of 427,160 shares, compared to its average volume of 8,402,676. The firm has a market cap of $35,550.00 and a PE ratio of -14.43. SPDR Gold Trust has a 1-year low of $114.02 and a 1-year high of $129.51.
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SPDR Gold Trust 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).
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