Atlantic Trust Group LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,000 shares of the exchange traded fund’s stock after acquiring an additional 18,865 shares during the quarter. Atlantic Trust Group LLC’s holdings in SPDR Gold Shares were worth $8,875,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its holdings in shares of SPDR Gold Shares by 179.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,116 shares of the exchange traded fund’s stock valued at $136,000 after purchasing an additional 716 shares in the last quarter. Institutional & Family Asset Management LLC lifted its position in shares of SPDR Gold Shares by 0.8% during the third quarter. Institutional & Family Asset Management LLC now owns 116,600 shares of the exchange traded fund’s stock worth $14,176,000 after purchasing an additional 939 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of SPDR Gold Shares during the third quarter worth $2,233,000. Truepoint Inc. lifted its position in shares of SPDR Gold Shares by 2,551.0% during the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 112,548 shares during the last quarter. Finally, Efficient Advisors LLC bought a new stake in shares of SPDR Gold Shares during the third quarter worth $1,934,000.
SPDR Gold Shares (NYSEARCA GLD) opened at $123.65 on Tuesday. SPDR Gold Shares has a 52 week low of $109.37 and a 52 week high of $128.32. The stock has a market capitalization of $34,840.00 and a PE ratio of -14.21.
Separately, Standpoint Research lifted their price objective on SPDR Gold Shares to $28,000.00 in a report on Thursday, December 7th.
SPDR Gold Shares 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).