Bradley & Co. Private Wealth Management LLC Purchases New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Bradley & Co. Private Wealth Management LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,724 shares of the exchange traded fund’s stock, valued at approximately $902,000. SPDR Gold Shares makes up about 0.6% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also added to or reduced their stakes in GLD. Stifel Financial Corp boosted its stake in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares during the last quarter. State Street Corp boosted its position in SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the last quarter. US Bancorp DE boosted its position in SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in SPDR Gold Shares by 4.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after purchasing an additional 606,411 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $268.62 on Wednesday. The stock has a market capitalization of $80.75 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business’s fifty day moving average is $254.04 and its 200-day moving average is $246.15. SPDR Gold Shares has a one year low of $187.53 and a one year high of $272.32.

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).