SPDR Gold Shares $GLD Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 21.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,310 shares of the exchange traded fund’s stock after buying an additional 3,877 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR Gold Shares were worth $7,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Euro Pacific Asset Management LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $247,000. Security Financial Services INC. acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $207,000. Berger Financial Group Inc boosted its holdings in 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 purchasing an additional 591 shares during the last quarter. BigSur Wealth Management LLC grew its stake in SPDR Gold Shares by 10.7% during the 3rd quarter. BigSur Wealth Management LLC now owns 14,515 shares of the exchange traded fund’s stock valued at $5,160,000 after purchasing an additional 1,400 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its holdings in SPDR Gold Shares by 18.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 8,532 shares of the exchange traded fund’s stock worth $3,176,000 after purchasing an additional 1,350 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3%

Shares of GLD opened at $413.64 on Wednesday. The firm has a market cap of $149.70 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business’s 50 day moving average is $382.75 and its two-hundred day moving average is $343.41. SPDR Gold Shares has a 52-week low of $239.58 and a 52-week high of $413.76.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Company Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.