CIBC Private Wealth Group LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,735 shares of the exchange traded fund’s stock after acquiring an additional 3,916 shares during the period. CIBC Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $14,487,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of GLD. Outfitter Financial LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $44,000. Retirement Planning Co of New England Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $45,000. Widmann Financial Services Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $46,000. Finally, Future Financial Wealth Managment LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 35.34% of the company’s stock.
Shares of GLD traded down $0.02 on Friday, reaching $176.91. The stock had a trading volume of 7,717,724 shares, compared to its average volume of 9,554,604. The firm has a 50-day moving average of $181.03 and a 200 day moving average of $173.35. SPDR Gold Shares has a twelve month low of $160.68 and a twelve month high of $193.30.
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).
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