Your Advocates Ltd. LLP Has $14.95 Million Stake in SPDR Gold Shares $GLD

Your Advocates Ltd. LLP decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 49,050 shares of the exchange traded fund’s stock after selling 4,630 shares during the period. SPDR Gold Shares comprises about 5.4% of Your Advocates Ltd. LLP’s holdings, making the stock its 8th largest holding. Your Advocates Ltd. LLP’s holdings in SPDR Gold Shares were worth $14,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TPG Advisors LLC grew its stake in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 33 shares during the last quarter. Tsfg LLC boosted its holdings in shares of SPDR Gold Shares by 0.9% during the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock valued at $1,104,000 after acquiring an additional 33 shares during the last quarter. Mather Group LLC. grew its position in SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after acquiring an additional 35 shares during the period. Finally, FourThought Financial Partners LLC grew its stake in shares of SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 35 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $382.87 on Friday. The stock has a 50-day simple moving average of $361.47 and a two-hundred day simple moving average of $326.67. The firm has a market capitalization of $138.56 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30.

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).