SPDR Gold Shares $GLD Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 41.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 134,643 shares of the exchange traded fund’s stock after buying an additional 39,539 shares during the period. SPDR Gold Shares accounts for 0.8% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Concurrent Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $41,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. DAVENPORT & Co LLC increased its position 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 buying an additional 896,836 shares during the period. 59 North Capital Management LP increased its position 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 buying an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position 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 buying an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares during the second quarter worth approximately $120,429,000. Finally, Raymond James Financial Inc. increased its position 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 buying an additional 204,676 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

GLD opened at $369.12 on Friday. The firm has a market cap of $130.59 billion, a price-to-earnings 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 $373.57. The business’s 50 day moving average is $330.80 and its two-hundred day moving average is $312.79.

SPDR Gold Shares Company 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).