Palumbo Wealth Management LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Palumbo Wealth Management LLC grew its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,102 shares of the exchange traded fund’s stock after purchasing an additional 703 shares during the quarter. SPDR Gold Shares makes up about 6.1% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Palumbo Wealth Management LLC’s holdings in SPDR Gold Shares were worth $11,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. Toronto Dominion Bank raised its stake in SPDR Gold Shares by 14.5% during the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares during the period. First Eagle Investment Management LLC raised its position in shares of SPDR Gold Shares by 4.2% during the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock valued at $599,794,000 after buying an additional 137,604 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 67,584.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after buying an additional 3,032,521 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of SPDR Gold Shares by 0.6% during the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after acquiring an additional 9,005 shares during the last quarter. Finally, State Street Corp boosted its position in shares of SPDR Gold Shares by 256.0% during the first quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after acquiring an additional 821,773 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.0 %

Shares of GLD stock opened at $207.82 on Tuesday. The company’s fifty day simple moving average is $193.02 and its two-hundred day simple moving average is $186.79. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $208.73.

SPDR Gold Shares Company Profile

(Free Report)

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

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