How BlackRock Took a Shine to a Competitor’s Gold ETF
By GCRU Gold News on Monday, March 14 2016, 23:23 - Permalink
BlackRock revealed in a regulatory filing Thursday that it had built a 13% stake — worth about $4 billion — in the largest exchange-traded gold product, the more than $32 billion SPDR Gold Trust. BlackRock held a roughly 5% stake in the ETF–known by its ticker, “GLD”–it said in a regulatory filing with the Securities and Exchange Commission a month earlier.