Private Advisor Group LLC Sells 16,055 Shares of SPDR Gold Shares $GLD

Private Advisor Group LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,277 shares of the exchange traded fund’s stock after selling 16,055 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of SPDR Gold Shares worth $104,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter worth about $31,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares in the second quarter worth about $34,000. Finally, Kilter Group LLC purchased a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Price Performance

GLD opened at $473.51 on Monday. The business has a 50 day simple moving average of $446.99 and a two-hundred day simple moving average of $394.41. The firm has a market capitalization of $179.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $265.64 and a one year high of $509.70.

SPDR Gold Shares Profile

(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.

Further Reading

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

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