Union Bancaire Privee UBP SA Makes New $7.79 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Union Bancaire Privee UBP SA purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,335 shares of the exchange traded fund’s stock, valued at approximately $7,794,000.

Other hedge funds have also bought and sold shares of the company. Apexium Financial LP bought a new stake in SPDR Gold Shares during the 4th quarter valued at about $263,000. Capital Asset Advisory Services LLC lifted its position in SPDR Gold Shares by 24.0% in the 4th quarter. Capital Asset Advisory Services LLC now owns 2,354 shares of the exchange traded fund’s stock valued at $573,000 after acquiring an additional 455 shares in the last quarter. Blue Trust Inc. raised its stake in shares of SPDR Gold Shares by 25.9% in the fourth quarter. Blue Trust Inc. now owns 28,775 shares of the exchange traded fund’s stock worth $6,994,000 after purchasing an additional 5,919 shares during the last quarter. Cathy Pareto & Associates Inc. bought a new position in SPDR Gold Shares during the 4th quarter valued at about $344,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 37.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,137 shares of the exchange traded fund’s stock valued at $4,634,000 after acquiring an additional 5,234 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

Shares of GLD stock opened at $255.65 on Monday. The company has a 50 day moving average price of $245.31 and a 200-day moving average price of $239.58. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).