OVERSEA CHINESE BANKING Corp Ltd Lowers Position in SPDR Gold Shares $GLD

OVERSEA CHINESE BANKING Corp Ltd lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,216 shares of the exchange traded fund’s stock after selling 4,128 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SPDR Gold Shares were worth $23,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Brighton Jones LLC lifted its stake in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC lifted its stake in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. GAMMA Investing LLC lifted its stake in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after purchasing an additional 400 shares during the period. Diversified Trust Co lifted its stake in shares of SPDR Gold Shares by 8.0% in the 1st quarter. Diversified Trust Co now owns 4,328 shares of the exchange traded fund’s stock valued at $1,247,000 after purchasing an additional 319 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SPDR Gold Shares by 32.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,134 shares of the exchange traded fund’s stock valued at $22,763,000 after purchasing an additional 19,814 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3%

GLD opened at $377.52 on Monday. The business has a 50 day moving average of $345.72 and a 200-day moving average of $320.15. The stock has a market cap of $138.78 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.

SPDR Gold Shares 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).