SPDR Gold Shares $GLD Stake Lessened by Motco

Motco lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,328 shares of the exchange traded fund’s stock after selling 2,416 shares during the period. SPDR Gold Shares makes up 1.3% of Motco’s portfolio, making the stock its 17th biggest position. Motco’s holdings in SPDR Gold Shares were worth $14,036,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. increased its stake 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 worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares during the last quarter. 59 North Capital Management LP increased its stake 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 worth $363,977,000 after acquiring an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR Gold Shares by 9.6% in 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 last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of SPDR Gold Shares by 16.5% in 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 last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.7%

NYSEARCA GLD opened at $364.38 on Wednesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The company has a market capitalization of $133.95 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s fifty day simple moving average is $348.11 and its 200-day simple moving average is $321.23.

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).