Catawba River Capital Acquires 1,116 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Catawba River Capital increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 72,786 shares of the exchange traded fund’s stock after purchasing an additional 1,116 shares during the quarter. SPDR Gold Shares comprises 10.5% of Catawba River Capital’s investment portfolio, making the stock its 2nd largest holding. Catawba River Capital’s holdings in SPDR Gold Shares were worth $17,624,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GLD. International Assets Investment Management LLC grew its stake in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Stifel Financial Corp boosted its stake in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares during the last quarter. State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after acquiring an additional 47,507 shares during the period. US Bancorp DE raised its holdings in shares of SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $268.37 on Tuesday. The business has a fifty day simple moving average of $248.30 and a two-hundred day simple moving average of $242.21. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66.

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).