Peapack Gladstone Financial Corp boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,946 shares of the exchange traded fund’s stock after purchasing an additional 83 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in SPDR Gold Shares were worth $393,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in GLD. Archford Capital Strategies LLC bought a new position in SPDR Gold Shares during the 2nd quarter valued at about $25,000. Icon Wealth Partners LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $47,000. First National Bank of South Miami lifted its stake in shares of SPDR Gold Shares by 375.0% in the 2nd quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 300 shares during the period. Glassman Wealth Services bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $56,000. Finally, CenterStar Asset Management LLC bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $85,000.
Shares of NYSEARCA:GLD traded down $0.90 during trading on Wednesday, hitting $143.61. The company’s stock had a trading volume of 2,299,239 shares, compared to its average volume of 9,314,573. The company has a 50-day moving average of $142.48 and a 200-day moving average of $130.04. SPDR Gold Shares has a 12 month low of $111.85 and a 12 month high of $146.82.
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).
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