Mirae Asset Global Investments Co. Ltd. Has $22.41 Million Holdings in SPDR Gold Shares $GLD

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,500 shares of the exchange traded fund’s stock after selling 6,634 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold Shares were worth $22,405,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the first quarter valued at $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new position in SPDR Gold Shares in the first quarter valued at $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8%

GLD stock opened at $357.64 on Friday. The firm has a market cap of $126.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $358.67. The company’s fifty day simple moving average is $324.54 and its 200 day simple moving average is $309.50.

About SPDR Gold Shares

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).