SPDR Gold Shares $GLD Stake Raised by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 171,961 shares of the exchange traded fund’s stock after purchasing an additional 4,177 shares during the period. SPDR Gold Shares accounts for approximately 0.7% of Brookstone Capital Management’s portfolio, making the stock its 26th biggest holding. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $61,127,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GLD. Laurel Wealth Advisors LLC grew its position in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares in the last quarter. 59 North Capital Management LP lifted its position in SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock valued at $260,458,000 after acquiring an additional 114,028 shares in the last quarter. Finally, State Street Corp increased its stake in shares of SPDR Gold Shares by 5.9% in the second quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after acquiring an additional 47,264 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4%

Shares of NYSEARCA:GLD opened at $411.93 on Thursday. The firm has a market cap of $149.08 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $239.58 and a 1 year high of $413.76. The business has a fifty day simple moving average of $383.24 and a 200 day simple moving average of $343.89.

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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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