Baltimore Capital Management Inc. Invests $3 Million in SPDR Gold Shares (NYSEARCA:GLD) Stock

Baltimore Capital Management Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,590 shares of the exchange traded fund’s stock, valued at approximately $3,000,000. SPDR Gold Shares comprises approximately 4.9% of Baltimore Capital Management Inc.’s holdings, making the stock its 2nd biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 165.3% during the fourth quarter. Toronto Dominion Bank now owns 135,384,111 shares of the exchange traded fund’s stock worth $16,415,327,000 after purchasing an additional 84,360,935 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of SPDR Gold Shares by 2.3% during the first quarter. First Eagle Investment Management LLC now owns 6,784,933 shares of the exchange traded fund’s stock worth $827,830,000 after purchasing an additional 150,887 shares during the last quarter. Elephas Investment Management Ltd lifted its position in shares of SPDR Gold Shares by 342.5% during the fourth quarter. Elephas Investment Management Ltd now owns 3,427,584 shares of the exchange traded fund’s stock worth $415,595,000 after purchasing an additional 2,652,953 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of SPDR Gold Shares by 29.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,264,475 shares of the exchange traded fund’s stock worth $276,289,000 after purchasing an additional 515,587 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of SPDR Gold Shares by 88.6% during the fourth quarter. BlackRock Inc. now owns 2,046,924 shares of the exchange traded fund’s stock worth $248,189,000 after purchasing an additional 961,644 shares during the last quarter.

NYSEARCA:GLD opened at $125.83 on Thursday. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $127.25.

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

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