SPDR Gold Shares $GLD Shares Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 54.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,601 shares of the exchange traded fund’s stock after purchasing an additional 1,982 shares during the period. Cadent Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,991,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GLD. Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth about $26,000. Kilter Group LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $34,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in SPDR Gold Shares in the 2nd quarter worth about $43,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Down 0.4%

GLD opened at $411.93 on Thursday. The business’s 50 day moving average is $383.24 and its 200-day moving average is $343.89. The stock has a market cap of $149.08 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $239.58 and a twelve month high of $413.76.

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

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

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