SPDR Gold Shares $GLD is Janney Capital Management LLC’s 10th Largest Position

Janney Capital Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,255 shares of the exchange traded fund’s stock after selling 2,967 shares during the quarter. SPDR Gold Shares makes up about 1.7% of Janney Capital Management LLC’s portfolio, making the stock its 10th biggest position. Janney Capital Management LLC’s holdings in SPDR Gold Shares were worth $27,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in GLD. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter worth $31,000. Kilter Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $34,000. Traub Capital Management LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the second quarter valued at about $43,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.9%

SPDR Gold Shares stock opened at $422.23 on Tuesday. The stock has a 50-day moving average price of $391.15 and a 200 day moving average price of $353.08. The company has a market capitalization of $157.49 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $245.15 and a 52 week high of $425.74.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

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.

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

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