Covington Capital Management Invests $4.97 Million in SPDR Gold Trust (NYSEARCA:GLD)

Covington Capital Management bought a new stake in SPDR Gold Trust (NYSEARCA:GLD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,100 shares of the exchange traded fund’s stock, valued at approximately $4,969,000.

A number of other institutional investors also recently modified their holdings of the business. Clear Harbor Asset Management LLC increased its stake in shares of SPDR Gold Trust by 0.3% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,373 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 15 shares in the last quarter. Denver Investment Advisors LLC increased its stake in shares of SPDR Gold Trust by 0.7% during the 2nd quarter. Denver Investment Advisors LLC now owns 2,750 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 20 shares in the last quarter. L & S Advisors Inc increased its stake in shares of SPDR Gold Trust by 1.2% during the 2nd quarter. L & S Advisors Inc now owns 1,833 shares of the exchange traded fund’s stock worth $216,000 after purchasing an additional 21 shares in the last quarter. Norris Perne & French LLP MI increased its stake in shares of SPDR Gold Trust by 0.7% during the 2nd quarter. Norris Perne & French LLP MI now owns 3,375 shares of the exchange traded fund’s stock worth $398,000 after purchasing an additional 25 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. increased its stake in shares of SPDR Gold Trust by 1.1% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 2,387 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 25 shares in the last quarter.

WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct ve

A number of other institutional investors also recently modified their holdings of the business. Clear Harbor Asset Management LLC increased its stake in shares of SPDR Gold Trust by 0.3% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,373 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 15 shares in the last quarter. Denver Investment Advisors LLC increased its stake in shares of SPDR Gold Trust by 0.7% during the 2nd quarter. Denver Investment Advisors LLC now owns 2,750 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 20 shares in the last quarter. L & S Advisors Inc increased its stake in shares of SPDR Gold Trust by 1.2% during the 2nd quarter. L & S Advisors Inc now owns 1,833 shares of the exchange traded fund’s stock worth $216,000 after purchasing an additional 21 shares in the last quarter. Norris Perne & French LLP MI increased its stake in shares of SPDR Gold Trust by 0.7% during the 2nd quarter. Norris Perne & French LLP MI now owns 3,375 shares of the exchange traded fund’s stock worth $398,000 after purchasing an additional 25 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. increased its stake in shares of SPDR Gold Trust by 1.1% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 2,387 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 25 shares in the last quarter.

WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/22/covington-capital-management-invests-4-97-million-in-spdr-gold-trust-gld-stock.html.

Shares of SPDR Gold Trust (GLD) traded down 0.64% during trading on Friday, hitting $121.61. 8,481,102 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $123.64 and its 200 day moving average is $120.79. SPDR Gold Trust has a 1-year low of $107.00 and a 1-year high of $128.32.

About SPDR Gold Trust

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).

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

Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply