SPDR Gold Shares $GLD Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,956 shares of the exchange traded fund’s stock after selling 2,894 shares during the quarter. CoreCap Advisors LLC’s holdings in SPDR Gold Shares were worth $13,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust raised its holdings in SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares during the period. StrongBox Wealth LLC increased its position in shares of SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares in the last quarter. Beaumont Financial Advisors LLC raised its stake in shares of SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in SPDR Gold Shares by 151.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 835 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Trading Up 1.1%

Shares of NYSEARCA GLD opened at $413.18 on Wednesday. The stock has a fifty day moving average price of $387.40 and a 200 day moving average price of $350.07. SPDR Gold Shares has a 12-month low of $243.81 and a 12-month high of $418.45. The company has a market cap of $154.82 billion, a P/E ratio of -32.43 and a beta of 0.09.

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.

See Also

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

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