SPDR Gold Shares $GLD Shares Sold by Capital Management Associates Inc

Capital Management Associates Inc lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,045 shares of the exchange traded fund’s stock after selling 189 shares during the quarter. Capital Management Associates Inc’s holdings in SPDR Gold Shares were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. raised its stake in shares of 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 buying an additional 204,676 shares during the period. Ameriprise Financial Inc. raised its stake in shares of 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 worth $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP raised its position 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 worth $363,977,000 after acquiring an additional 547,018 shares during the period. Envestnet Asset Management Inc. raised its position in SPDR Gold Shares by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after acquiring an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 16.5% during the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after acquiring an additional 161,638 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $372.30 on Thursday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57. The company has a fifty day moving average of $328.35 and a two-hundred day moving average of $311.32. The stock has a market capitalization of $132.46 billion, a PE ratio of -32.43 and a beta of 0.15.

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).