Davis Investment Partners LLC Buys 823 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Davis Investment Partners LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 68.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,032 shares of the exchange traded fund’s stock after purchasing an additional 823 shares during the quarter. Davis Investment Partners LLC’s holdings in SPDR Gold Shares were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Stifel Financial Corp raised its holdings in SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the period. State Street Corp lifted its position in SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares in the last quarter. Finally, US Bancorp DE grew its holdings in SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.0 %

Shares of GLD traded down $2.47 during trading hours on Monday, reaching $245.74. 8,428,216 shares of the stock traded hands, compared to its average volume of 6,723,651. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company’s 50-day moving average price is $244.01 and its two-hundred day moving average price is $237.37.

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).