Childress Capital Advisors LLC Makes New Investment in SPDR Gold Shares $GLD

Childress Capital Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,669 shares of the exchange traded fund’s stock, valued at approximately $5,570,000. SPDR Gold Shares accounts for 1.0% of Childress Capital Advisors LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC lifted its stake in SPDR Gold Shares by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 46,646 shares of the exchange traded fund’s stock worth $16,581,000 after acquiring an additional 697 shares in the last quarter. RPG Investment Advisory LLC lifted its position in shares of SPDR Gold Shares by 3.4% during the third quarter. RPG Investment Advisory LLC now owns 7,839 shares of the exchange traded fund’s stock worth $2,787,000 after purchasing an additional 260 shares in the last quarter. Integral Investment Advisors Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $221,000. Pachira Investments Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $204,000. Finally, Cerity Partners LLC grew its holdings in shares of SPDR Gold Shares by 0.4% in the third quarter. Cerity Partners LLC now owns 428,548 shares of the exchange traded fund’s stock valued at $152,439,000 after purchasing an additional 1,798 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1%

SPDR Gold Shares stock opened at $413.18 on Wednesday. SPDR Gold Shares has a 52-week low of $243.81 and a 52-week high of $418.45. The firm has a market cap of $154.82 billion, a PE ratio of -32.43 and a beta of 0.09. The company’s 50 day moving average is $387.40 and its two-hundred day moving average is $350.07.

SPDR Gold Shares News Summary

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

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.

Further Reading

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

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