Virtu Financial LLC Takes $474.95 Million Position in SPDR Gold Shares $GLD

Virtu Financial LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,198,436 shares of the exchange traded fund’s stock, valued at approximately $474,952,000. SPDR Gold Shares accounts for about 18.4% of Virtu Financial LLC’s holdings, making the stock its 2nd largest holding. Virtu Financial LLC owned 0.32% of SPDR Gold Shares as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. WPG Advisers LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at $26,000. Vestwell Advisors LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $27,000. Finally, Eukles Asset Management bought a new stake in SPDR Gold Shares in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $387.12 on Friday. The firm has a market cap of $140.80 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The stock’s fifty day moving average price is $418.52 and its two-hundred day moving average price is $428.27. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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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.

Further Reading

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

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