BCM Advisors LLC Has $78.86 Million Holdings in SPDR Gold Shares $GLD

BCM Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.1% in the third quarter, Holdings Channel reports. The fund owned 216,432 shares of the exchange traded fund’s stock after selling 11,750 shares during the quarter. SPDR Gold Shares comprises 15.9% of BCM Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. BCM Advisors LLC’s holdings in SPDR Gold Shares were worth $78,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mccarter Private Wealth Services LLC boosted its holdings in shares of SPDR Gold Shares by 3.2% in the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 27 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in shares of SPDR Gold Shares by 3.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after acquiring an additional 28 shares during the last quarter. Revisor Wealth Management LLC grew its position in shares of SPDR Gold Shares by 2.4% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock valued at $452,000 after acquiring an additional 29 shares during the period. Halbert Hargrove Global Advisors LLC increased its stake in shares of SPDR Gold Shares by 12.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 29 shares in the last quarter. Finally, Phil A. Younker & Associates Ltd. raised its holdings in SPDR Gold Shares by 4.0% in the 3rd quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 30 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

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SPDR Gold Shares Trading Down 0.5%

SPDR Gold Shares stock opened at $421.29 on Tuesday. SPDR Gold Shares has a 12-month low of $249.15 and a 12-month high of $426.86. The firm has a market capitalization of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50 day moving average of $396.59 and a 200 day moving average of $357.19.

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.

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

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