Westmount Partners LLC Has $332,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Westmount Partners LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 64.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,371 shares of the exchange traded fund’s stock after acquiring an additional 539 shares during the quarter. Westmount Partners LLC’s holdings in SPDR Gold Shares were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after acquiring an additional 28,683 shares in the last quarter. Stifel Financial Corp raised its stake in shares of SPDR Gold Shares by 13.9% in the 3rd 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 in the last quarter. State Street Corp raised its stake in shares of SPDR Gold Shares by 6.6% in 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 in the last quarter. Finally, US Bancorp DE raised its stake 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 valued at $168,112,000 after acquiring an additional 3,614 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD traded down $2.75 during midday trading on Monday, reaching $245.46. The company’s stock had a trading volume of 5,209,685 shares, compared to its average volume of 6,253,301. The company has a fifty day simple moving average of $244.01 and a 200 day simple moving average of $237.37. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).