EWG Elevate Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,435 shares of the exchange traded fund’s stock after selling 151 shares during the quarter. SPDR Gold Shares makes up 5.3% of EWG Elevate Inc.’s investment portfolio, making the stock its 2nd biggest holding. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $12,735,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of GLD. Fifth Third Bancorp lifted its holdings in SPDR Gold Shares by 2.5% in the first quarter. Fifth Third Bancorp now owns 243,688 shares of the exchange traded fund’s stock valued at $44,649,000 after buying an additional 5,910 shares during the period. Zions Bancorporation N.A. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $92,000. Aries Wealth Management raised its holdings in shares of SPDR Gold Shares by 1.9% during the first quarter. Aries Wealth Management now owns 10,477 shares of the exchange traded fund’s stock valued at $1,920,000 after purchasing an additional 191 shares during the period. Ciovacco Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 99.3% during the first quarter. Ciovacco Capital Management LLC now owns 13,822 shares of the exchange traded fund’s stock valued at $2,532,000 after purchasing an additional 6,886 shares during the period. Finally, Bremer Bank National Association acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $212,000. Institutional investors own 40.99% of the company’s stock.
SPDR Gold Shares Trading Up 0.1 %
Shares of NYSEARCA GLD opened at $179.50 on Tuesday. SPDR Gold Shares has a 1-year low of $150.57 and a 1-year high of $191.36. The firm’s 50-day moving average price is $179.30 and its 200-day moving average price is $181.13.
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).
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