SPDR Gold Shares $GLD Shares Acquired by Golden State Equity Partners

Golden State Equity Partners lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,120 shares of the exchange traded fund’s stock after buying an additional 158 shares during the period. Golden State Equity Partners’ holdings in SPDR Gold Shares were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GLD. DAVENPORT & Co LLC raised its holdings in SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares in the last quarter. 59 North Capital Management LP raised its holdings in SPDR Gold Shares by 76.4% during 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 purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $120,429,000. Finally, Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% during 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 purchasing an additional 204,676 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.4%

NYSEARCA GLD opened at $346.46 on Wednesday. The stock has a market capitalization of $115.51 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75. The firm has a 50-day moving average price of $317.99 and a 200 day moving average price of $305.41.

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).