Itau Unibanco Holding S.A. Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Itau Unibanco Holding S.A. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 560.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,300 shares of the exchange traded fund’s stock after purchasing an additional 95,300 shares during the period. SPDR Gold Shares comprises about 0.9% of Itau Unibanco Holding S.A.’s investment portfolio, making the stock its 27th biggest position. Itau Unibanco Holding S.A.’s holdings in SPDR Gold Shares were worth $27,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of GLD. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the second quarter valued at $25,000. Semmax Financial Advisors Inc. lifted its position in shares of 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 acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its position in shares of 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 acquiring an additional 76 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the second quarter valued at about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $243.44 on Tuesday. The stock’s 50-day simple moving average is $246.53 and its 200-day simple moving average is $231.64. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week 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).