Cumberland Partners Ltd Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Cumberland Partners Ltd grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,785 shares of the exchange traded fund’s stock after buying an additional 700 shares during the period. Cumberland Partners Ltd’s holdings in SPDR Gold Shares were worth $2,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vicus Capital purchased a new stake in shares of SPDR Gold Shares during the third quarter worth $271,000. Eastern Bank purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $806,000. Waldron Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 10.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 2,580 shares of the exchange traded fund’s stock valued at $627,000 after purchasing an additional 238 shares during the period. Accordant Advisory Group Inc purchased a new stake in SPDR Gold Shares during the 3rd quarter worth about $45,000. Finally, Tempus Wealth Planning LLC boosted its stake in SPDR Gold Shares by 2.8% in the 3rd quarter. Tempus Wealth Planning LLC now owns 2,207 shares of the exchange traded fund’s stock worth $536,000 after purchasing an additional 61 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

Shares of GLD opened at $270.85 on Thursday. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month high of $271.33. The business’s 50-day moving average price is $252.00 and its 200-day moving average price is $244.63.

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).