Black Swift Group LLC Takes Position in SPDR Gold Shares $GLD

Black Swift Group LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,065 shares of the exchange traded fund’s stock, valued at approximately $3,222,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Angeles Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 2.0% during the third quarter. Angeles Wealth Management LLC now owns 2,183 shares of the exchange traded fund’s stock valued at $776,000 after purchasing an additional 43 shares in the last quarter. Blair William & Co. IL increased its stake in shares of SPDR Gold Shares by 23.7% in the third quarter. Blair William & Co. IL now owns 178,163 shares of the exchange traded fund’s stock valued at $63,332,000 after buying an additional 34,108 shares during the period. Evexia Wealth LLC increased its stake in shares of SPDR Gold Shares by 0.8% in the third quarter. Evexia Wealth LLC now owns 14,352 shares of the exchange traded fund’s stock valued at $5,426,000 after buying an additional 113 shares during the period. First Trust Advisors LP raised its holdings in SPDR Gold Shares by 87.1% in the 3rd quarter. First Trust Advisors LP now owns 3,702 shares of the exchange traded fund’s stock valued at $1,316,000 after buying an additional 1,723 shares during the last quarter. Finally, Intellus Advisors LLC raised its holdings in SPDR Gold Shares by 10.4% in the 3rd quarter. Intellus Advisors LLC now owns 2,489 shares of the exchange traded fund’s stock valued at $885,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $473.51 on Friday. SPDR Gold Shares has a one year low of $265.64 and a one year high of $509.70. The company has a market cap of $179.98 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50 day simple moving average is $446.99 and its 200 day simple moving average is $393.81.

Key Stories Impacting SPDR Gold Shares

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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

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

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