Partners Capital Investment Group LLP lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,310 shares of the exchange traded fund’s stock after selling 12,310 shares during the quarter. Partners Capital Investment Group LLP’s holdings in SPDR Gold Shares were worth $2,981,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Romano Brothers AND Company increased its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Clarus Group Inc. increased its stake in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares in the last quarter. Gradient Capital Advisors LLC grew its stake in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after acquiring an additional 42 shares in the last quarter. Finally, Spinnaker Trust grew its stake 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 acquiring an additional 43 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.
The price of gold has been steadily increasing over the past year, with a 12-month return of 12.1%. This steady increase in gold prices has led to a significant increase in the value of the SPDR Gold Shares ETF.
The Rise of Gold Prices and the Impact on SPDR Gold Shares
The price of gold has been steadily increasing over the past year, with a 12-month return of 12.1%. Key statistics:
- 12-month return: 1%
- Twelve month low: $84
- Twelve month high: $39
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