Clear Creek Financial Management LLC Grows Holdings in SPDR Gold Shares $GLD

Clear Creek Financial Management LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 82.4% in the 3rd quarter, Holdings Channel reports. The firm owned 28,889 shares of the exchange traded fund’s stock after purchasing an additional 13,053 shares during the quarter. SPDR Gold Shares accounts for 0.9% of Clear Creek Financial Management LLC’s holdings, making the stock its 18th biggest holding. Clear Creek Financial Management LLC’s holdings in SPDR Gold Shares were worth $10,269,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Mccarter Private Wealth Services LLC lifted its holdings in SPDR Gold Shares by 3.2% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after buying an additional 27 shares in the last quarter. Norris Perne & French LLP MI increased its position in shares of SPDR Gold Shares by 3.3% during the third 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 period. Revisor Wealth Management LLC increased its position in shares of SPDR Gold Shares by 2.4% during the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 29 shares during the period. Halbert Hargrove Global Advisors LLC raised its stake in shares of SPDR Gold Shares by 12.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 29 shares in the last quarter. Finally, Phil A. Younker & Associates Ltd. boosted its holdings in shares of SPDR Gold Shares by 4.0% in the third quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock valued at $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.

Key SPDR Gold Shares News

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

SPDR Gold Shares Stock Up 0.3%

Shares of NYSEARCA:GLD opened at $459.56 on Friday. The business’s 50 day moving average is $431.34 and its 200 day moving average is $380.54. The stock has a market cap of $174.68 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70.

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.

Further Reading

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)

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