Thomist Capital Management LP Reduces Stake in SPDR Gold Shares $GLD

Thomist Capital Management LP cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 55.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,700 shares of the exchange traded fund’s stock after selling 18,240 shares during the quarter. SPDR Gold Shares comprises 1.4% of Thomist Capital Management LP’s portfolio, making the stock its 13th largest holding. Thomist Capital Management LP’s holdings in SPDR Gold Shares were worth $4,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TPG Advisors LLC boosted its holdings in SPDR Gold Shares by 2.6% in the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 33 shares in the last quarter. Tsfg LLC lifted its position in shares of SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after purchasing an additional 33 shares during the period. Seeds Investor LLC boosted its stake in shares of SPDR Gold Shares by 3.5% during the 2nd quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 33 shares in the last quarter. Mather Group LLC. boosted its stake in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of SPDR Gold Shares by 8.5% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 432 shares of the exchange traded fund’s stock valued at $132,000 after buying an additional 34 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $387.24 on Wednesday. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The firm has a 50-day moving average of $372.47 and a 200 day moving average of $334.06. The company has a market cap of $140.14 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).