Newman Dignan & Sheerar Inc. Has $3.23 Million Stock Holdings in SPDR Gold Shares $GLD

Newman Dignan & Sheerar Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,584 shares of the exchange traded fund’s stock after selling 222 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in SPDR Gold Shares were worth $3,226,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after acquiring an additional 33 shares in the last quarter. Mather Group LLC. increased its position in shares of SPDR Gold Shares by 1.8% in the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR Gold Shares by 6.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 35 shares during the period. Pinnacle Associates Ltd. raised its stake in SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its position in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2%

Shares of SPDR Gold Shares stock opened at $356.03 on Thursday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $356.97. The company has a market capitalization of $118.70 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s 50-day moving average price is $322.65 and its two-hundred day moving average price is $308.43.

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).