First Trust Advisors LP Has $312,000 Position in SPDR Gold Shares (GLD)

First Trust Advisors LP boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,573 shares of the exchange traded fund’s stock after buying an additional 367 shares during the period. First Trust Advisors LP’s holdings in SPDR Gold Shares were worth $312,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $29,000. Essex Savings Bank purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $41,000. Ruggie Capital Group purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $42,000. Portfolio Solutions LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $54,000. Finally, Larson Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $61,000.

Shares of GLD stock opened at $121.37 on Friday. SPDR Gold Shares has a 52 week low of $111.06 and a 52 week high of $127.21.

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SPDR Gold Shares Company 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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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