Kanawha Capital Management LLC Purchases 246 Shares of SPDR Gold Shares $GLD

Kanawha Capital Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,907 shares of the exchange traded fund’s stock after purchasing an additional 246 shares during the quarter. Kanawha Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,191,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GLD. Raymond James Financial Inc. grew its stake 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 valued at $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. grew its stake in shares of SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after acquiring an additional 169,005 shares during the period. 59 North Capital Management LP grew its stake 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 valued at $363,977,000 after acquiring an additional 547,018 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after acquiring an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 16.5% during 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 period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 1.9%

Shares of NYSEARCA:GLD opened at $388.99 on Friday. The stock has a 50 day moving average of $338.26 and a 200 day moving average of $316.08. The company has a market cap of $138.21 billion, a PE 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 $397.28.

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).