Itau Unibanco Holding S.A. lifted its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 354.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,500 shares of the exchange traded fund’s stock after buying an additional 1,950 shares during the period. Itau Unibanco Holding S.A.’s holdings in SPDR Gold Trust were worth $309,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC grew its holdings in SPDR Gold Trust by 118.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 510 shares during the period. Truepoint Inc. grew its holdings in SPDR Gold Trust by 2,551.0% in the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 112,548 shares during the period. Field & Main Bank purchased a new stake in SPDR Gold Trust in the fourth quarter worth about $127,000. Mandatum Life Insurance Co Ltd purchased a new stake in SPDR Gold Trust in the fourth quarter worth about $133,000. Finally, First Dallas Securities Inc. purchased a new stake in SPDR Gold Trust in the fourth quarter worth about $133,000.
Separately, Standpoint Research upped their price objective on shares of SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
Shares of SPDR Gold Trust (NYSEARCA GLD) opened at $126.24 on Wednesday. The firm has a market cap of $35,230.00 and a PE ratio of -14.51. SPDR Gold Trust has a fifty-two week low of $114.02 and a fifty-two week high of $129.51.
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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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