Peapack Gladstone Financial Corp Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Peapack Gladstone Financial Corp lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,548 shares of the exchange traded fund’s stock after selling 748 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in SPDR Gold Shares were worth $19,091,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Arizona PSPRS Trust purchased a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $157,187,000. Strategic Financial Concepts LLC lifted its position in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after acquiring an additional 544,807 shares in the last quarter. Cerity Partners OCIO LLC purchased a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $78,434,000. Finally, Bailard Inc. lifted its position in shares of SPDR Gold Shares by 2,310.2% in the second quarter. Bailard Inc. now owns 322,823 shares of the exchange traded fund’s stock valued at $69,410,000 after acquiring an additional 309,429 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $247.32 on Friday. SPDR Gold Shares has a 1-year low of $183.38 and a 1-year high of $257.71. The stock’s 50 day simple moving average is $246.61 and its 200-day simple moving average is $233.05.

SPDR Gold Shares Company Profile

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).