SPDR Gold Shares $GLD Shares Sold by Towneley Capital Management Inc DE

Towneley Capital Management Inc DE cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,377 shares of the exchange traded fund’s stock after selling 1,459 shares during the quarter. SPDR Gold Shares makes up approximately 0.7% of Towneley Capital Management Inc DE’s investment portfolio, making the stock its 17th largest position. Towneley Capital Management Inc DE’s holdings in SPDR Gold Shares were worth $3,163,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its stake in shares of SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the period. 59 North Capital Management LP raised its stake in SPDR Gold Shares by 76.4% in the 1st 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in SPDR Gold Shares by 604.5% in the 1st 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 last quarter. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at $120,429,000. Finally, TD Asset Management Inc raised its stake in SPDR Gold Shares by 108.4% in the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after purchasing an additional 356,401 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $403.15 on Tuesday. The business has a fifty day moving average price of $340.15 and a 200 day moving average price of $317.34. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The company has a market cap of $144.01 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).