SPDR Gold Shares $GLD Shares Sold by Peak Financial Management Inc.

Peak Financial Management Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,125 shares of the exchange traded fund’s stock after selling 41 shares during the period. Peak Financial Management Inc.’s holdings in SPDR Gold Shares were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position 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 valued at $13,109,000 after purchasing an additional 896,836 shares during the period. 59 North Capital Management LP grew its position in shares of SPDR Gold Shares by 76.4% in 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 purchasing an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SPDR Gold Shares by 604.5% in 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 acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at about $120,429,000. Finally, Raymond James Financial Inc. grew its position in shares of SPDR Gold Shares by 11.0% in the first 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 during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.6%

Shares of NYSEARCA GLD opened at $372.30 on Thursday. The company’s 50-day simple moving average is $328.35 and its 200-day simple moving average is $311.32. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57. The firm has a market cap of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).