Choreo LLC Decreases Holdings in SPDR Gold Shares $GLD

Choreo LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,303 shares of the exchange traded fund’s stock after selling 2,866 shares during the quarter. Choreo LLC’s holdings in SPDR Gold Shares were worth $4,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. TPG Advisors LLC grew its stake in shares of SPDR Gold Shares by 2.6% in the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 33 shares in the last quarter. Tsfg LLC boosted its holdings in SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after acquiring an additional 33 shares during the period. Seeds Investor LLC grew its position in SPDR Gold Shares by 3.5% in the second quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after acquiring an additional 33 shares in the last quarter. Mather Group LLC. raised its stake in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares during the period. Finally, Thomasville National Bank lifted its position in shares of SPDR Gold Shares by 1.4% during the second quarter. Thomasville National Bank now owns 2,457 shares of the exchange traded fund’s stock worth $749,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.8%

Shares of GLD stock opened at $383.12 on Thursday. The firm has a fifty day simple moving average of $368.84 and a 200-day simple moving average of $331.27. The company has a market capitalization of $138.65 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30.

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).