Pines Wealth Management LLC Invests $642,000 in SPDR Gold Shares (NYSEARCA:GLD)

Pines Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,585 shares of the exchange traded fund’s stock, valued at approximately $642,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted 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 worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Cerity Partners OCIO LLC purchased a new position in SPDR Gold Shares during the 2nd quarter worth $78,434,000. AlTi Global Inc. increased its stake in shares of SPDR Gold Shares by 145.0% during the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after buying an additional 198,823 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. lifted its position 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 purchasing an additional 114,151 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $247.03 on Wednesday. The company’s 50-day simple moving average is $243.74 and its 200-day simple moving average is $237.81. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

SPDR Gold Shares Company Profile

(Free Report)

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).

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