SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,231 shares of the exchange traded fund’s stock after purchasing an additional 170 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in SPDR Gold Shares were worth $1,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI boosted its stake in SPDR Gold Shares by 13.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 19,610 shares of the exchange traded fund’s stock worth $4,766,000 after buying an additional 2,299 shares during the last quarter. AlphaCore Capital LLC boosted its position in shares of SPDR Gold Shares by 14.8% in the third quarter. AlphaCore Capital LLC now owns 100,302 shares of the exchange traded fund’s stock worth $24,379,000 after acquiring an additional 12,945 shares during the last quarter. Raymond James Trust N.A. grew its holdings in SPDR Gold Shares by 3.2% in the third quarter. Raymond James Trust N.A. now owns 14,156 shares of the exchange traded fund’s stock valued at $3,441,000 after purchasing an additional 436 shares during the period. Allen Capital Group LLC increased its position in SPDR Gold Shares by 2.0% during the third quarter. Allen Capital Group LLC now owns 2,980 shares of the exchange traded fund’s stock worth $724,000 after purchasing an additional 58 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in SPDR Gold Shares by 6,457.6% during the third quarter. Icon Wealth Advisors LLC now owns 38,165 shares of the exchange traded fund’s stock worth $9,276,000 after purchasing an additional 37,583 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.8 %

Shares of GLD opened at $278.49 on Friday. The firm has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20. The company’s fifty day moving average is $264.47 and its two-hundred day moving average is $251.06. SPDR Gold Shares has a fifty-two week low of $199.72 and a fifty-two week high of $281.48.

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).