Banco Bilbao Vizcaya Argentaria S.A. Has $140.41 Million Stock Holdings in SPDR Gold Shares $GLD

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 397,919 shares of the exchange traded fund’s stock after purchasing an additional 18,946 shares during the quarter. SPDR Gold Shares accounts for about 1.1% of Banco Bilbao Vizcaya Argentaria S.A.’s investment portfolio, making the stock its 12th largest holding. Banco Bilbao Vizcaya Argentaria S.A. owned 0.11% of SPDR Gold Shares worth $140,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GLD. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares during the second quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter worth approximately $31,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares in the 2nd quarter worth approximately $34,000. Finally, Kilter Group LLC purchased a new position in SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3%

GLD opened at $460.84 on Friday. The firm has a market capitalization of $175.17 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average of $454.30 and a 200-day moving average of $399.45. SPDR Gold Shares has a 12-month low of $272.58 and a 12-month 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

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

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