SPDR Gold Shares $GLD Shares Purchased by J2 Capital Management Inc

J2 Capital Management Inc boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.5% in the second quarter, HoldingsChannel.com reports. The fund owned 5,759 shares of the exchange traded fund’s stock after buying an additional 641 shares during the quarter. SPDR Gold Shares comprises about 1.4% of J2 Capital Management Inc’s investment portfolio, making the stock its 15th biggest holding. J2 Capital Management Inc’s holdings in SPDR Gold Shares were worth $1,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC raised its holdings in shares of SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP increased its position 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 worth $363,977,000 after purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at about $120,429,000. Finally, Raymond James Financial Inc. lifted its holdings in SPDR Gold Shares by 11.0% in 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 purchasing an additional 204,676 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $356.03 on Thursday. The stock has a market capitalization of $118.70 billion, a P/E 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 $356.97. The firm’s 50-day moving average is $322.65 and its two-hundred day moving average is $308.43.

SPDR Gold Shares 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).