Ferguson Wellman Capital Management Inc. Takes $214,000 Position in SPDR Gold Shares (GLD)

Ferguson Wellman Capital Management Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,766 shares of the exchange traded fund’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of SPDR Gold Shares by 15.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 128,644 shares of the exchange traded fund’s stock worth $14,505,000 after acquiring an additional 17,066 shares in the last quarter. Ruffer LLP bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth $350,000. Hudson Capital Management LLC raised its position in shares of SPDR Gold Shares by 5.3% in the 3rd quarter. Hudson Capital Management LLC now owns 31,389 shares of the exchange traded fund’s stock worth $3,539,000 after acquiring an additional 1,572 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of SPDR Gold Shares by 2.1% in the 3rd quarter. CENTRAL TRUST Co now owns 103,832 shares of the exchange traded fund’s stock worth $11,709,000 after acquiring an additional 2,177 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its position in shares of SPDR Gold Shares by 0.9% in the 3rd quarter. Evercore Wealth Management LLC now owns 55,619 shares of the exchange traded fund’s stock worth $6,272,000 after acquiring an additional 514 shares in the last quarter.

GLD opened at $121.02 on Friday. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $129.51.

COPYRIGHT VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2019/01/20/ferguson-wellman-capital-management-inc-takes-214000-position-in-spdr-gold-shares-gld.html.

SPDR Gold Shares 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).

Featured Article: Analyst Ratings Trading

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)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply