Financial Management Professionals Inc. Purchases 1,331 Shares of SPDR Gold Shares $GLD

Financial Management Professionals Inc. boosted its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 40.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,599 shares of the exchange traded fund’s stock after purchasing an additional 1,331 shares during the period. Financial Management Professionals Inc.’s holdings in SPDR Gold Shares were worth $1,635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLD. Laurel Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC increased its position in SPDR Gold Shares by 108.1% in 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 acquiring an additional 559,507 shares during the period. 59 North Capital Management LP raised its stake in shares of SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after acquiring an additional 547,018 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $120,429,000. Finally, TD Asset Management Inc lifted its holdings in shares of SPDR Gold Shares by 108.4% during the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after purchasing an additional 356,401 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.4%

Shares of SPDR Gold Shares stock opened at $411.93 on Friday. The stock 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 twelve month low of $239.58 and a twelve month high of $413.76. The company’s fifty day moving average is $383.55 and its 200 day moving average is $344.36.

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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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