Summit Trail Advisors LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Summit Trail Advisors LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,066 shares of the exchange traded fund’s stock after purchasing an additional 73 shares during the quarter. Summit Trail Advisors LLC’s holdings in SPDR Gold Shares were worth $5,101,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLD. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 21,571.1% in 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 buying an additional 3,010,682 shares during the last quarter. Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC raised its position in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in 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 purchasing an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. increased its stake in 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 purchasing 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 Stock Up 1.7 %

NYSEARCA:GLD opened at $268.37 on Tuesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $268.66. The stock’s 50-day moving average is $248.30 and its two-hundred day moving average is $242.21.

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).