Cary Street Partners Financial LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,111 shares of the exchange traded fund’s stock after purchasing an additional 2,587 shares during the quarter. Cary Street Partners Financial LLC’s holdings in SPDR Gold Shares were worth $7,045,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $34,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID lifted its position in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter worth $43,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $386.44 on Monday. The stock’s 50-day moving average is $374.98 and its 200-day moving average is $335.84. The company has a market cap of $139.85 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30.
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).
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