SPDR Gold Shares $GLD Holdings Lowered by Bluesphere Advisors LLC

Bluesphere Advisors LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 36.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,376 shares of the exchange traded fund’s stock after selling 4,833 shares during the quarter. SPDR Gold Shares accounts for about 1.4% of Bluesphere Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Bluesphere Advisors LLC’s holdings in SPDR Gold Shares were worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter worth approximately $31,000. Kilter Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter valued at $34,000. Traub Capital Management LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter valued at $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Up 2.5%

Shares of SPDR Gold Shares stock opened at $476.10 on Wednesday. SPDR Gold Shares has a 12 month low of $253.30 and a 12 month high of $476.49. The stock has a market cap of $179.73 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a fifty day simple moving average of $405.80 and a 200-day simple moving average of $363.47.

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.

See Also

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

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