SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 78,548 shares of the exchange traded fund’s stock after selling 748 shares during the period. Peapack Gladstone Financial Corp’s holdings in SPDR Gold Shares were worth $19,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. increased its stake in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Private Ocean LLC increased its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares during the third quarter worth $28,000. Finally, Chris Bulman Inc acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

Shares of NYSEARCA GLD opened at $247.32 on Friday. SPDR Gold Shares has a twelve month low of $183.38 and a twelve month high of $257.71. The stock has a fifty day simple moving average of $246.61 and a 200-day simple moving average of $233.05.

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).