Glenmede Investment Management LP Increases Stake in SPDR Gold Shares $GLD

Glenmede Investment Management LP grew its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1.7% during the 3rd quarter, Holdings Channel reports. The fund owned 195,986 shares of the exchange traded fund’s stock after buying an additional 3,246 shares during the period. Glenmede Investment Management LP’s holdings in SPDR Gold Shares were worth $69,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mccarter Private Wealth Services LLC increased its stake in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 27 shares in the last quarter. Prudent Investors Network Inc. lifted its position in SPDR Gold Shares by 3.8% during the third quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock valued at $261,000 after purchasing an additional 27 shares in the last quarter. Norris Perne & French LLP MI lifted its position in 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 valued at $310,000 after purchasing an additional 28 shares in the last quarter. Revisor Wealth Management LLC grew its holdings in 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 valued at $452,000 after purchasing an additional 29 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in 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 purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

SPDR Gold Shares Stock Down 1.3%

Shares of GLD opened at $460.84 on Friday. The business has a 50-day simple moving average of $454.30 and a two-hundred day simple moving average of $398.84. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The stock has a market cap of $175.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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.

See Also

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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