South Texas Money Management Ltd. Buys New Stake in SPDR Gold Trust (GLD)

South Texas Money Management Ltd. bought a new stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 211,401 shares of the exchange traded fund’s stock, valued at approximately $24,950,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of SPDR Gold Trust by 302.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 49,462 shares of the exchange traded fund’s stock valued at $5,838,000 after acquiring an additional 37,179 shares during the period. Adventist Health System Sunbelt Healthcare Corp acquired a new position in shares of SPDR Gold Trust during the 2nd quarter valued at $58,494,000. Sequoia Financial Advisors LLC lifted its position in shares of SPDR Gold Trust by 3.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,441 shares of the exchange traded fund’s stock valued at $3,711,000 after acquiring an additional 1,049 shares during the period. Svenska Handelsbanken AB publ lifted its position in shares of SPDR Gold Trust by 45.5% during the 2nd quarter. Svenska Handelsbanken AB publ now owns 16,000 shares of the exchange traded fund’s stock valued at $1,853,000 after acquiring an additional 5,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Gold Trust by 3.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,406 shares of the exchange traded fund’s stock valued at $11,496,000 after acquiring an additional 3,407 shares during the period.

ILLEGAL ACTIVITY NOTICE: This story was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/20/south-texas-money-management-ltd-buys-new-stake-in-spdr-gold-trust-gld.html.

Shares of SPDR Gold Trust (NYSEARCA:GLD) traded up 0.06% during mid-day trading on Wednesday, reaching $124.69. 1,664,382 shares of the company’s stock were exchanged. SPDR Gold Trust has a one year low of $107.00 and a one year high of $128.32. The stock has a 50-day moving average of $123.54 and a 200 day moving average of $120.01.

About SPDR Gold Trust

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).

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Trust (NYSEARCA:GLD).

Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply