BB&T Securities LLC Increases Position in SPDR Gold Shares (GLD)

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BB&T Securities LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,484 shares of the exchange traded fund’s stock after buying an additional 990 shares during the period. BB&T Securities LLC’s holdings in SPDR Gold Shares were worth $4,181,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in 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 valued at $14,505,000 after buying an additional 17,066 shares during the last quarter. Ruffer LLP acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $350,000. David R. Rahn & Associates Inc. grew its stake in SPDR Gold Shares by 18.0% in the 4th quarter. David R. Rahn & Associates Inc. now owns 39,321 shares of the exchange traded fund’s stock valued at $4,768,000 after buying an additional 5,984 shares during the last quarter. Bank of New York Mellon Corp grew its stake in SPDR Gold Shares by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 524,637 shares of the exchange traded fund’s stock valued at $59,159,000 after buying an additional 9,890 shares during the last quarter. Finally, Evercore Wealth Management LLC grew its stake in 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 valued at $6,272,000 after buying an additional 514 shares during the last quarter.

Shares of NYSEARCA:GLD opened at $123.60 on Tuesday. SPDR Gold Shares has a 12-month low of $111.06 and a 12-month high of $129.47.

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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: Mutual Funds

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

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