Bleakley Financial Group LLC Sells 2,736 Shares of SPDR Gold Shares $GLD

Bleakley Financial Group LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 126,681 shares of the exchange traded fund’s stock after selling 2,736 shares during the quarter. SPDR Gold Shares accounts for 1.0% of Bleakley Financial Group LLC’s portfolio, making the stock its 20th biggest position. Bleakley Financial Group LLC’s holdings in SPDR Gold Shares were worth $45,031,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GLD. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $26,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the third quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $31,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth about $34,000. Finally, Kilter Group LLC bought a new stake in shares of SPDR Gold Shares in the second quarter worth about $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $468.62 on Friday. The stock’s 50-day moving average is $432.80 and its 200 day moving average is $382.13. The company has a market cap of $178.12 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $261.25 and a 1 year 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.

Further Reading

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

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