Redwood Park Advisors LLC Has $9.52 Million Stock Holdings in SPDR Gold Shares $GLD

Redwood Park Advisors LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 31,220 shares of the exchange traded fund’s stock after buying an additional 284 shares during the quarter. SPDR Gold Shares comprises 6.5% of Redwood Park Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Redwood Park Advisors LLC’s holdings in SPDR Gold Shares were worth $9,517,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its position in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $367.01 on Tuesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The stock has a 50 day moving average price of $346.92 and a two-hundred day moving average price of $320.72. The stock has a market capitalization of $134.91 billion, a PE 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).