Franklin Resources Inc. Acquires 6,312 Shares of SPDR Gold Shares (NYSEARCA:GLD)
by Danessa Lincoln · The Markets Daily
Franklin Resources Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,678 shares of the exchange traded fund’s stock after acquiring an additional 6,312 shares during the quarter. Franklin Resources Inc.’s holdings in SPDR Gold Shares were worth $17,948,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of SPDR Gold Shares by 99,414.3% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 23,805,806 shares of the exchange traded fund’s stock worth $4,243,861,000 after buying an additional 23,781,884 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in SPDR Gold Shares by 67,584.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock valued at $515,198,000 after purchasing an additional 3,032,521 shares during the period. Toronto Dominion Bank grew its holdings in SPDR Gold Shares by 77.6% in the first quarter. Toronto Dominion Bank now owns 5,340,797 shares of the exchange traded fund’s stock worth $978,543,000 after purchasing an additional 2,333,468 shares during the last quarter. State Street Corp increased its position in shares of SPDR Gold Shares by 256.0% during the first quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after purchasing an additional 821,773 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $100,880,000. Hedge funds and other institutional investors own 40.99% of the company’s stock.
SPDR Gold Shares Price Performance
SPDR Gold Shares stock opened at $188.75 on Friday. The business has a fifty day moving average price of $180.23 and a 200-day moving average price of $180.04. SPDR Gold Shares has a 1-year low of $162.40 and a 1-year high of $191.36.
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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