Bessemer Group Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 29.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,091 shares of the exchange traded fund’s stock after purchasing an additional 5,472 shares during the quarter. Bessemer Group Inc.’s holdings in SPDR Gold Shares were worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimension Capital Management LLC grew its position in SPDR Gold Shares by 5.1% in the third quarter. Dimension Capital Management LLC now owns 26,052 shares of the exchange traded fund’s stock worth $2,938,000 after acquiring an additional 1,265 shares in the last quarter. Elephas Investment Management Ltd purchased a new position in SPDR Gold Shares in the third quarter worth about $87,347,000. Flagship Harbor Advisors LLC grew its position in SPDR Gold Shares by 56.8% in the third quarter. Flagship Harbor Advisors LLC now owns 50,970 shares of the exchange traded fund’s stock worth $5,738,000 after acquiring an additional 18,472 shares in the last quarter. Regal Investment Advisors LLC grew its position in SPDR Gold Shares by 7.3% in the third quarter. Regal Investment Advisors LLC now owns 12,528 shares of the exchange traded fund’s stock worth $1,413,000 after acquiring an additional 847 shares in the last quarter. Finally, Brookstone Capital Management grew its position in SPDR Gold Shares by 6.6% in the third quarter. Brookstone Capital Management now owns 73,800 shares of the exchange traded fund’s stock worth $8,322,000 after acquiring an additional 4,574 shares in the last quarter.

GLD traded up $0.95 on Friday, hitting $118.09. The company had a trading volume of 10,402,229 shares, compared to its average volume of 7,417,810. SPDR Gold Shares has a 12-month low of $111.06 and a 12-month high of $129.51.

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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).

Further Reading: Capital gains and your 401(k) or IRA

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

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