Strategic Capital Advisers Inc. bought a new stake in SPDR Gold Trust (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,137 shares of the exchange traded fund’s stock, valued at approximately $1,995,000. SPDR Gold Trust accounts for about 2.0% of Strategic Capital Advisers Inc.’s portfolio, making the stock its 21st biggest position.
Other large investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its position in SPDR Gold Trust by 6,385.5% in the third quarter. Flow Traders U.S. LLC now owns 306,633 shares of the exchange traded fund’s stock valued at $37,280,000 after buying an additional 301,905 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in SPDR Gold Trust by 42.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 7,410 shares of the exchange traded fund’s stock valued at $901,000 after buying an additional 2,195 shares in the last quarter. Sterling Capital Management LLC acquired a new position in SPDR Gold Trust in the third quarter valued at about $262,000. Westside Investment Management Inc. boosted its position in SPDR Gold Trust by 4.7% in the third quarter. Westside Investment Management Inc. now owns 25,596 shares of the exchange traded fund’s stock valued at $3,125,000 after buying an additional 1,159 shares in the last quarter. Finally, Efficient Advisors LLC acquired a new position in SPDR Gold Trust in the third quarter valued at about $1,934,000.
Separately, Standpoint Research boosted their price target on shares of SPDR Gold Trust to $28,000.00 in a research report on Thursday, December 7th.
SPDR Gold Trust (GLD) traded down $0.08 during trading hours on Wednesday, reaching $125.70. 1,450,000 shares of the company’s stock were exchanged. The firm has a market capitalization of $35,520.00 and a price-to-earnings ratio of -14.45. SPDR Gold Trust has a 52-week low of $114.02 and a 52-week high of $129.51.
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).
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