Keyvantage Wealth LLC Invests $467,000 in SPDR Gold Shares $GLD

Keyvantage Wealth LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,315 shares of the exchange traded fund’s stock, valued at approximately $467,000.

A number of other large investors have also recently bought and sold shares of the stock. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $26,000. Hopwood Financial Services Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $31,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $34,000. Finally, Kilter Group LLC bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $34,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $458.28 on Thursday. The stock’s 50 day simple moving average is $430.01 and its 200 day simple moving average is $379.98. SPDR Gold Shares has a one year low of $261.25 and a one year high of $509.70. The firm has a market cap of $174.19 billion, a PE ratio of -32.43 and a beta of 0.09.

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About SPDR Gold Shares

(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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