Milestone Asset Management LLC Sells 2,616 Shares of SPDR Gold Shares $GLD

Milestone Asset Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,567 shares of the exchange traded fund’s stock after selling 2,616 shares during the quarter. SPDR Gold Shares accounts for approximately 1.5% of Milestone Asset Management LLC’s portfolio, making the stock its 14th largest holding. Milestone Asset Management LLC’s holdings in SPDR Gold Shares were worth $6,879,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GLD. 59 North Capital Management LP raised its stake in SPDR Gold Shares by 76.4% during the first 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 buying an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of SPDR Gold Shares in the second quarter valued at about $120,429,000. TD Asset Management Inc lifted its position in shares of SPDR Gold Shares by 108.4% in the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after buying an additional 356,401 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in 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 worth $594,616,000 after purchasing an additional 204,676 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.2%

NYSEARCA GLD opened at $368.78 on Tuesday. The stock has a 50-day moving average of $352.79 and a 200 day moving average of $323.24. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The stock has a market capitalization of $133.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).