Destiny Wealth Partners LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Destiny Wealth Partners LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,361 shares of the exchange traded fund’s stock after buying an additional 180 shares during the quarter. Destiny Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $814,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in 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. Diversify Advisory Services LLC boosted its holdings in shares of 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 valued at $59,410,000 after purchasing an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of SPDR Gold Shares by 47.5% during 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 in the last quarter. Banco Santander S.A. grew its holdings in SPDR Gold Shares by 245.1% during 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. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in SPDR Gold Shares by 1,565.3% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock valued at $27,979,000 after buying an additional 108,194 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

GLD opened at $258.56 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $259.99. The business’s 50-day moving average is $246.38 and its two-hundred day moving average is $240.62.

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).