SPDR Gold Shares
Considered one of the biggest exchange-traded funds, the SPDR Gold Shares had 36.49 ounces in the vaults in June 2020. Unlike the typical shares, this is a cost-efficient means to buy gold without facing complexities. Arnhold has been investing in this company since 2018 and has become bullish since.
In the third quarter of 2020, Arnhold bought over 27,800 shares, upgrading its stake by four percent. SPDR Gold Shares remains the firm’s top stock pick as it accounts for 16.1 percent of its holdings. It now has more than 615K shares in the gold ETF company.
