Cobblestone Capital Advisors LLC NY purchased a new position in shares of SPDR Gold Trust (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,913 shares of the exchange traded fund’s stock, valued at approximately $237,000.
A number of other institutional investors have also bought and sold shares of the stock. Assetmark Inc. grew its holdings in SPDR Gold Trust by 9.7% during the fourth quarter. Assetmark Inc. now owns 103,915 shares of the exchange traded fund’s stock worth $12,849,000 after purchasing an additional 9,230 shares during the period. Wade G W & Inc. boosted its holdings in shares of SPDR Gold Trust by 4.5% during the fourth quarter. Wade G W & Inc. now owns 18,395 shares of the exchange traded fund’s stock worth $2,275,000 after acquiring an additional 795 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of SPDR Gold Trust by 1.3% during the fourth quarter. King Luther Capital Management Corp now owns 35,153 shares of the exchange traded fund’s stock worth $4,347,000 after acquiring an additional 448 shares during the period. PhaseCapital LP bought a new stake in shares of SPDR Gold Trust during the fourth quarter worth approximately $334,000. Finally, Madison Investment Holdings Inc. boosted its holdings in shares of SPDR Gold Trust by 3.7% during the fourth quarter. Madison Investment Holdings Inc. now owns 162,242 shares of the exchange traded fund’s stock worth $20,061,000 after acquiring an additional 5,782 shares during the period.
Separately, Standpoint Research boosted their price objective on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
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About SPDR Gold Trust
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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