Pines Wealth Management LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Pines Wealth Management LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,585 shares of the exchange traded fund’s stock, valued at approximately $642,000.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in SPDR Gold Shares by 21,571.1% during the 3rd 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 acquiring an additional 3,010,682 shares in the last quarter. Cerity Partners OCIO LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at about $78,434,000. AlTi Global Inc. boosted its position in shares of SPDR Gold Shares by 145.0% during the 2nd quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after purchasing an additional 198,823 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 buying an additional 146,271 shares during the period. Finally, Banco Santander S.A. grew its position in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $247.03 on Wednesday. The company has a fifty day simple moving average of $243.74 and a two-hundred day simple moving average of $237.81. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).