Oak Family Advisors LLC Boosts Stake in SPDR Gold Shares $GLD

Oak Family Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1,582.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,491 shares of the exchange traded fund’s stock after acquiring an additional 14,570 shares during the quarter. SPDR Gold Shares comprises 1.4% of Oak Family Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Oak Family Advisors LLC’s holdings in SPDR Gold Shares were worth $5,507,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $31,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter worth $34,000. Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $43,000. 42.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $411.49 on Friday. The firm has a 50-day simple moving average of $389.15 and a two-hundred day simple moving average of $350.91. The firm has a market cap of $153.20 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $245.15 and a fifty-two week high of $418.45.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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