SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Klingman & Associates LLC

Klingman & Associates LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,843 shares of the exchange traded fund’s stock after acquiring an additional 95 shares during the period. Klingman & Associates LLC’s holdings in SPDR Gold Shares were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Trilogy Capital Inc. lifted its position in SPDR Gold Shares by 32.6% during the 3rd quarter. Trilogy Capital Inc. now owns 1,784 shares of the exchange traded fund’s stock worth $434,000 after acquiring an additional 439 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $101,000. Whittier Trust Co. raised its position in shares of SPDR Gold Shares by 9.0% in the 3rd quarter. Whittier Trust Co. now owns 18,287 shares of the exchange traded fund’s stock valued at $4,445,000 after purchasing an additional 1,514 shares in the last quarter. WJ Interests LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $213,000. Finally, Horst & Graben Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $218,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.7 %

Shares of GLD opened at $270.70 on Wednesday. The business’s 50 day moving average is $251.61 and its two-hundred day moving average is $244.45. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.01.

SPDR Gold Shares 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).