Citizens Financial Group Inc. RI Buys 5,286 Shares of SPDR Gold Shares $GLD

Citizens Financial Group Inc. RI raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,785 shares of the exchange traded fund’s stock after purchasing an additional 5,286 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in SPDR Gold Shares were worth $15,371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $25,000. Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $27,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $31,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Up 1.5%

NYSEARCA GLD opened at $423.66 on Friday. The stock has a market cap of $155.19 billion, a P/E ratio of -32.43 and a beta of 0.20. The company’s 50-day simple moving average is $444.17 and its 200 day simple moving average is $419.90. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70.

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.

Further Reading

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

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