M1 Capital Management LLC Has $434,000 Holdings in SPDR Gold Shares $GLD

M1 Capital Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,423 shares of the exchange traded fund’s stock after selling 127 shares during the period. M1 Capital Management LLC’s holdings in SPDR Gold Shares were worth $434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. 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 stake in 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 purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP boosted its stake in 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 purchasing an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 purchasing an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 16.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $365.43 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57. The company’s 50-day moving average is $329.60 and its 200 day moving average is $311.92. The company has a market capitalization of $129.29 billion, a P/E 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).