Bradley & Co. Private Wealth Management LLC Acquires Shares of 3,724 SPDR Gold Shares (NYSEARCA:GLD)

Bradley & Co. Private Wealth Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,724 shares of the exchange traded fund’s stock, valued at approximately $902,000. SPDR Gold Shares makes up 0.6% of Bradley & Co. Private Wealth Management LLC’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also recently made changes to their positions in GLD. Concord Wealth Partners grew its stake in SPDR Gold Shares by 27.9% in the 3rd quarter. Concord Wealth Partners now owns 687 shares of the exchange traded fund’s stock valued at $167,000 after buying an additional 150 shares in the last quarter. Strategic Wealth Investment Group LLC boosted its holdings in shares of SPDR Gold Shares by 5.0% in the third quarter. Strategic Wealth Investment Group LLC now owns 96,752 shares of the exchange traded fund’s stock worth $23,763,000 after acquiring an additional 4,615 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of SPDR Gold Shares by 7.5% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 112 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $52,000. Finally, Integrated Advisors Network LLC lifted its holdings in SPDR Gold Shares by 9.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 34,052 shares of the exchange traded fund’s stock worth $8,277,000 after purchasing an additional 2,960 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3 %

Shares of NYSEARCA GLD opened at $268.62 on Wednesday. The company has a market cap of $80.75 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $187.53 and a 52 week high of $272.32. The business has a 50-day simple moving average of $254.04 and a two-hundred day simple moving average of $246.15.

About SPDR Gold Shares

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).