Waverton Investment Management Ltd Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Waverton Investment Management Ltd increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,135 shares of the exchange traded fund’s stock after buying an additional 610 shares during the quarter. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $15,590,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at $25,000. Semmax Financial Advisors Inc. boosted its holdings in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Private Ocean LLC boosted its holdings in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the third quarter valued at $28,000. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the second quarter valued at $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 2.3 %

NYSEARCA:GLD opened at $242.14 on Tuesday. The firm’s fifty day moving average is $244.18 and its two-hundred day moving average is $228.80. SPDR Gold Shares has a one year low of $179.11 and a one year high of $257.71.

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).