CIBC Asset Management Inc Purchases 1,134 Shares of SPDR Gold Shares (NYSEARCA:GLD)

CIBC Asset Management Inc increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 39.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,986 shares of the exchange traded fund’s stock after purchasing an additional 1,134 shares during the period. CIBC Asset Management Inc’s holdings in SPDR Gold Shares were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Romano Brothers AND Company raised its position in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares in the last quarter. Delta Financial Group Inc. lifted its position in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 41 shares during the period. Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC increased its position in shares of SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Finally, Ballast Inc. raised its stake in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.6 %

GLD opened at $244.62 on Thursday. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71. The company has a 50-day simple moving average of $245.60 and a 200 day simple moving average of $230.15.

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).