Envestnet Asset Management Inc. lifted its position in SPDR Gold Trust (NYSEARCA:GLD) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 606,276 shares of the exchange traded fund’s stock after buying an additional 24,555 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of SPDR Gold Trust worth $74,963,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dixon Hubard Feinour & Brown Inc. VA raised its stake in shares of SPDR Gold Trust by 24.5% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 2,110 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 415 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth $761,000. Stony Point Wealth Management Inc. bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth $402,000. Sawtooth Solutions LLC raised its stake in shares of SPDR Gold Trust by 1,130.3% in the 4th quarter. Sawtooth Solutions LLC now owns 49,420 shares of the exchange traded fund’s stock worth $6,111,000 after buying an additional 45,403 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of SPDR Gold Trust in the 4th quarter worth $276,000.
Shares of SPDR Gold Trust (NYSEARCA GLD) opened at $125.98 on Friday. SPDR Gold Trust has a 12 month low of $114.80 and a 12 month high of $129.51. The company has a market capitalization of $35,300.00 and a price-to-earnings ratio of -14.48.
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SPDR Gold Trust 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).
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