25 LLC Invests $794,000 in SPDR Gold Shares $GLD

25 LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,003 shares of the exchange traded fund’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $26,000. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at about $27,000. Vestwell Advisors LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. bought a new position in SPDR Gold Shares during the third quarter worth about $31,000. Finally, USA Financial Formulas bought a new position in SPDR Gold Shares during the fourth quarter worth about $31,000. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Down 0.0%

Shares of SPDR Gold Shares stock opened at $414.58 on Tuesday. The stock has a market capitalization of $157.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50-day simple moving average of $455.62 and a two-hundred day simple moving average of $407.50. SPDR Gold Shares has a twelve month low of $272.58 and a twelve month high of $509.70.

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.

See Also

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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