Gladstone Institutional Advisory LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Gladstone Institutional Advisory LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,384 shares of the exchange traded fund’s stock after acquiring an additional 5,185 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in SPDR Gold Shares were worth $8,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after buying an additional 146,271 shares during the period. Finally, Banco Santander S.A. increased its stake in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66. The firm has a 50-day moving average of $248.80 and a 200 day moving average of $242.56.

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).