Corsair Capital Management L.P. Acquires 3,426 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Corsair Capital Management L.P. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1,593.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,641 shares of the exchange traded fund’s stock after purchasing an additional 3,426 shares during the quarter. Corsair Capital Management L.P.’s holdings in SPDR Gold Shares were worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. CreativeOne Wealth LLC grew its stake in SPDR Gold Shares by 23.8% during the third quarter. CreativeOne Wealth LLC now owns 26,202 shares of the exchange traded fund’s stock worth $6,369,000 after buying an additional 5,040 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of SPDR Gold Shares by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 197,830 shares of the exchange traded fund’s stock worth $48,085,000 after acquiring an additional 3,138 shares in the last quarter. Freedom Investment Management Inc. increased its stake in SPDR Gold Shares by 114.8% in the third quarter. Freedom Investment Management Inc. now owns 21,450 shares of the exchange traded fund’s stock valued at $5,214,000 after acquiring an additional 11,464 shares during the last quarter. Insight Wealth Partners LLC increased its stake in SPDR Gold Shares by 20.9% in the third quarter. Insight Wealth Partners LLC now owns 3,401 shares of the exchange traded fund’s stock valued at $827,000 after acquiring an additional 588 shares during the last quarter. Finally, Cynosure Group LLC lifted its position in shares of SPDR Gold Shares by 125.5% during the 3rd quarter. Cynosure Group LLC now owns 48,521 shares of the exchange traded fund’s stock worth $11,794,000 after buying an additional 27,005 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.7 %

Shares of SPDR Gold Shares stock opened at $244.70 on Wednesday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The firm’s 50 day moving average is $246.22 and its 200 day moving average is $231.09.

About SPDR Gold Shares

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).