Successful Portfolios LLC Has $513,000 Holdings in SPDR Gold Shares $GLD

Successful Portfolios LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,684 shares of the exchange traded fund’s stock after purchasing an additional 50 shares during the period. Successful Portfolios LLC’s holdings in SPDR Gold Shares were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLD. DAVENPORT & Co LLC grew its position in shares of SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares in the last quarter. 59 North Capital Management LP lifted its holdings in shares of SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $120,429,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.8%

Shares of SPDR Gold Shares stock opened at $357.64 on Friday. The company has a 50 day moving average of $324.54 and a 200-day moving average of $309.50. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $358.67. The company has a market cap of $126.50 billion, a PE ratio of -32.43 and a beta of 0.15.

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).