SPDR Gold Shares (GLD) Stake Raised by Commonwealth Bank of Australia

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Commonwealth Bank of Australia lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 37.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,500 shares of the exchange traded fund’s stock after acquiring an additional 10,800 shares during the quarter. Commonwealth Bank of Australia’s holdings in SPDR Gold Shares were worth $4,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLD. Trust Department MB Financial Bank N A acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $100,000. Clearwater Capital Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $107,000. Stelac Advisory Services LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $126,000. American National Bank acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $119,000. Finally, Landaas & Co. WI ADV acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $122,000.

GLD opened at $113.54 on Friday. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $129.51.

About SPDR Gold Shares

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

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