SCS Capital Management LLC boosted its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 258.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,044 shares of the exchange traded fund’s stock after buying an additional 159,374 shares during the period. SPDR Gold Trust accounts for 0.9% of SCS Capital Management LLC’s investment portfolio, making the stock its 13th largest position. SCS Capital Management LLC owned 0.08% of SPDR Gold Trust worth $27,332,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in SPDR Gold Trust by 28.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 306,764 shares of the exchange traded fund’s stock valued at $37,296,000 after purchasing an additional 68,355 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in SPDR Gold Trust in the third quarter valued at $567,000. Sei Investments Co. raised its position in SPDR Gold Trust by 50.2% in the third quarter. Sei Investments Co. now owns 11,326 shares of the exchange traded fund’s stock valued at $1,377,000 after purchasing an additional 3,786 shares during the period. CIBC Asset Management Inc raised its position in SPDR Gold Trust by 16.6% in the third quarter. CIBC Asset Management Inc now owns 110,787 shares of the exchange traded fund’s stock valued at $13,469,000 after purchasing an additional 15,776 shares during the period. Finally, Toronto Dominion Bank raised its position in SPDR Gold Trust by 16.9% in the third quarter. Toronto Dominion Bank now owns 38,976 shares of the exchange traded fund’s stock valued at $4,742,000 after purchasing an additional 5,628 shares during the period.
Shares of SPDR Gold Trust (GLD) opened at $125.78 on Wednesday. The stock has a market capitalization of $35,550.00 and a price-to-earnings ratio of -14.46. SPDR Gold Trust has a 1-year low of $114.02 and a 1-year high of $129.51.
COPYRIGHT VIOLATION WARNING: “SCS Capital Management LLC Buys 159,374 Shares of SPDR Gold Trust (GLD)” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/scs-capital-management-llc-buys-159374-shares-of-spdr-gold-trust-gld.html.
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).
Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.