Capital CS Group LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,649 shares of the exchange traded fund’s stock, valued at approximately $294,000.
Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in SPDR Gold Shares during the first quarter valued at approximately $24,420,000. Covestor Ltd raised its position in SPDR Gold Shares by 69.4% in the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 218 shares during the last quarter. Merit Financial Group LLC raised its position in SPDR Gold Shares by 18.6% in the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 435 shares during the last quarter. First Western Trust Bank bought a new position in SPDR Gold Shares in the 1st quarter worth approximately $256,000. Finally, Prudential Financial Inc. raised its position in shares of SPDR Gold Shares by 32.5% during the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after acquiring an additional 9,049 shares during the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 0.7 %
Shares of SPDR Gold Shares stock opened at $178.34 on Friday. The firm has a fifty day moving average of $179.30 and a two-hundred day moving average of $181.06. SPDR Gold Shares has a 52 week low of $150.57 and a 52 week high of $191.36.
About SPDR Gold Shares
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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