Howard Bailey Securities LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Howard Bailey Securities LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,259 shares of the exchange traded fund’s stock after purchasing an additional 116 shares during the period. Howard Bailey Securities LLC’s holdings in SPDR Gold Shares were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 21,571.1% during the 3rd 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. Stifel Financial Corp raised its holdings in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares in the last quarter. State Street Corp boosted its holdings in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after buying an additional 47,507 shares in the last quarter. US Bancorp DE increased its stake in shares of SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in SPDR Gold Shares by 4.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after acquiring an additional 30,952 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

Shares of SPDR Gold Shares stock opened at $267.67 on Thursday. The firm’s 50-day moving average is $249.27 and its 200 day moving average is $242.89. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66.

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).