AdvisorShares Investments LLC Acquires 1,555 Shares of SPDR Gold Shares $GLD

AdvisorShares Investments LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,084 shares of the exchange traded fund’s stock after purchasing an additional 1,555 shares during the quarter. SPDR Gold Shares accounts for approximately 0.9% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 29th biggest holding. AdvisorShares Investments LLC’s holdings in SPDR Gold Shares were worth $5,717,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its position in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $16,014,000. Accredited Investor Services LLC raised its holdings in SPDR Gold Shares by 7.7% during the second quarter. Accredited Investor Services LLC now owns 768 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 55 shares in the last quarter. Finally, Strengthening Families & Communities LLC boosted its position in SPDR Gold Shares by 11.8% during the second quarter. Strengthening Families & Communities LLC now owns 1,509 shares of the exchange traded fund’s stock valued at $441,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 3.1%

GLD stock opened at $455.46 on Friday. The company has a market cap of $173.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70. The business has a 50 day moving average price of $418.40 and a two-hundred day moving average price of $371.41.

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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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