SPDR Gold Shares $GLD Stake Boosted by ORG Partners LLC

ORG Partners LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.2% during the second quarter, HoldingsChannel reports. The firm owned 7,587 shares of the exchange traded fund’s stock after acquiring an additional 765 shares during the period. ORG Partners LLC’s holdings in SPDR Gold Shares were worth $2,343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. DAVENPORT & Co LLC boosted its position in 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 acquiring an additional 896,836 shares during the period. 59 North Capital Management LP boosted 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 acquiring an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted 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 acquiring an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $120,429,000. Finally, Raymond James Financial Inc. boosted its position in 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 acquiring an additional 204,676 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA GLD opened at $346.74 on Friday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $348.75. The firm has a market capitalization of $115.60 billion, a PE ratio of -32.43 and a beta of 0.15. The business has a 50-day moving average price of $320.20 and a two-hundred day moving average price of $306.75.

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).