Cumberland Partners Ltd Buys 2,650 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cumberland Partners Ltd lifted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 31.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,085 shares of the exchange traded fund’s stock after acquiring an additional 2,650 shares during the period. Cumberland Partners Ltd’s holdings in SPDR Gold Shares were worth $2,694,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLD. Romano Brothers AND Company lifted its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. boosted its stake in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the last quarter. Compton Wealth Advisory Group LLC raised its position in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares during the last quarter. Finally, Ballast Inc. lifted its position in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.4 %

SPDR Gold Shares stock traded down $1.01 during midday trading on Tuesday, hitting $241.13. 1,149,689 shares of the company were exchanged, compared to its average volume of 6,999,164. The business has a fifty day simple moving average of $244.40 and a two-hundred day simple moving average of $228.99. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $257.71.

SPDR Gold Shares Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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