Deane Retirement Strategies Inc. Acquires 6,529 Shares of SPDR Gold Shares $GLD

Deane Retirement Strategies Inc. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 48.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,973 shares of the exchange traded fund’s stock after acquiring an additional 6,529 shares during the quarter. SPDR Gold Shares makes up 3.1% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 9th largest position. Deane Retirement Strategies Inc.’s holdings in SPDR Gold Shares were worth $7,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in SPDR Gold Shares by 21.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,310 shares of the exchange traded fund’s stock valued at $7,931,000 after buying an additional 3,877 shares in the last quarter. Euro Pacific Asset Management LLC purchased a new position in SPDR Gold Shares during the third quarter worth $247,000. Security Financial Services INC. acquired a new position in shares of SPDR Gold Shares in the third quarter worth $207,000. Berger Financial Group Inc lifted its position in shares of SPDR Gold Shares by 18.4% in the third quarter. Berger Financial Group Inc now owns 3,802 shares of the exchange traded fund’s stock valued at $1,351,000 after acquiring an additional 591 shares in the last quarter. Finally, BigSur Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 10.7% during the third quarter. BigSur Wealth Management LLC now owns 14,515 shares of the exchange traded fund’s stock valued at $5,160,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Up 2.3%

SPDR Gold Shares stock opened at $408.23 on Tuesday. The stock has a 50-day moving average price of $382.09 and a 200 day moving average price of $342.65. SPDR Gold Shares has a 52 week low of $239.58 and a 52 week high of $408.52. The stock has a market cap of $147.74 billion, a PE ratio of -32.43 and a beta of 0.09.

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.

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

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