Ingalls & Snyder LLC Raises Position in SPDR Gold Shares (GLD)

Ingalls & Snyder LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,825 shares of the exchange traded fund’s stock after acquiring an additional 3,050 shares during the quarter. Ingalls & Snyder LLC’s holdings in SPDR Gold Shares were worth $3,193,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GLD. Prudential Financial Inc. boosted its stake in SPDR Gold Shares by 1.7% in the second quarter. Prudential Financial Inc. now owns 6,100 shares of the exchange traded fund’s stock valued at $720,000 after acquiring an additional 100 shares in the last quarter. D.A. Davidson & CO. boosted its stake in SPDR Gold Shares by 0.3% in the second quarter. D.A. Davidson & CO. now owns 10,531 shares of the exchange traded fund’s stock valued at $1,242,000 after acquiring an additional 30 shares in the last quarter. FMR LLC boosted its stake in SPDR Gold Shares by 49.6% in the second quarter. FMR LLC now owns 4,742,502 shares of the exchange traded fund’s stock valued at $559,710,000 after acquiring an additional 1,572,655 shares in the last quarter. TIAA FSB acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $2,176,000. Finally, FIL Ltd boosted its stake in SPDR Gold Shares by 20.5% in the second quarter. FIL Ltd now owns 16,750 shares of the exchange traded fund’s stock valued at $1,977,000 after acquiring an additional 2,850 shares in the last quarter.

Separately, Standpoint Research raised their target price on shares of SPDR Gold Shares to $28,000.00 in a research note on Thursday, December 7th.

Shares of SPDR Gold Shares (NYSEARCA:GLD) opened at $126.42 on Friday. The firm has a market cap of $35,500.00 and a P/E ratio of -14.53. SPDR Gold Shares has a one year low of $112.81 and a one year high of $128.32.

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About SPDR Gold Shares

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).

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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