SPDR Gold Shares $GLD Stock Position Lessened by DSG Capital Advisors LLC

DSG Capital Advisors LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 9.3% in the third quarter, HoldingsChannel.com reports. The fund owned 64,230 shares of the exchange traded fund’s stock after selling 6,559 shares during the period. SPDR Gold Shares accounts for 3.6% of DSG Capital Advisors LLC’s holdings, making the stock its 6th largest position. DSG Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $22,832,000 as of its most recent SEC filing.

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

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Trading Up 2.5%

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

SPDR Gold Shares Company 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.

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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

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