Franklin Resources Inc. Sells 342 Shares of SPDR Gold Shares $GLD

Franklin Resources Inc. reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,760 shares of the exchange traded fund’s stock after selling 342 shares during the quarter. Franklin Resources Inc.’s holdings in SPDR Gold Shares were worth $28,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares during the period. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP grew its position 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 buying an additional 547,018 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after acquiring an additional 161,638 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of SPDR Gold Shares by 15.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock valued at $260,458,000 after acquiring an additional 114,028 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $383.12 on Thursday. The firm has a market capitalization of $138.65 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company’s 50 day simple moving average is $368.84 and its 200 day simple moving average is $331.27. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30.

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).