Vontobel Holding Ltd. Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Vontobel Holding Ltd. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,654 shares of the exchange traded fund’s stock after buying an additional 11,652 shares during the quarter. Vontobel Holding Ltd.’s holdings in SPDR Gold Shares were worth $13,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the period. Finally, Banco Santander S.A. grew its holdings in SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.5 %

SPDR Gold Shares stock opened at $266.29 on Friday. SPDR Gold Shares has a 52 week low of $184.84 and a 52 week high of $270.39. The business’s 50-day moving average price is $250.28 and its 200 day moving average price is $243.26.

SPDR Gold Shares Company Profile

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).