Riggs Capital Management LLC Makes New $212,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Riggs Capital Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 877 shares of the exchange traded fund’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of SPDR Gold Shares by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after buying an additional 18,828 shares during the period. Verition Fund Management LLC lifted its holdings in SPDR Gold Shares by 104.1% in the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 64,965 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $1,853,000. Tradition Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 1.9% during the 3rd quarter. Tradition Wealth Management LLC now owns 3,675 shares of the exchange traded fund’s stock worth $893,000 after purchasing an additional 69 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its stake in shares of SPDR Gold Shares by 133.9% in the third quarter. Semmax Financial Advisors Inc. now owns 255 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 146 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $284.06 on Monday. The firm has a market capitalization of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The business’s 50 day simple moving average is $267.64 and its 200-day simple moving average is $253.04. SPDR Gold Shares has a 12 month low of $206.29 and a 12 month high of $288.32.

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).