SPDR Gold Shares $GLD Shares Sold by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,015 shares of the exchange traded fund’s stock after selling 16,594 shares during the period. SPDR Gold Shares makes up 2.9% of Stonebridge Financial Group LLC’s holdings, making the stock its 5th biggest holding. Stonebridge Financial Group LLC’s holdings in SPDR Gold Shares were worth $30,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. DAVENPORT & Co LLC grew 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 valued at $13,109,000 after purchasing an additional 896,836 shares in the last quarter. 59 North Capital Management LP grew its holdings 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $120,429,000. Finally, Raymond James Financial Inc. grew its holdings 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 in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $365.43 on Friday. The stock has a market capitalization of $129.29 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average price of $329.60 and a 200 day moving average price of $311.92. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57.

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).