SPDR Gold Shares $GLD Shares Acquired by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,435 shares of the exchange traded fund’s stock after buying an additional 80 shares during the quarter. Cutler Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $742,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GLD. DAVENPORT & Co LLC raised its stake in shares of SPDR Gold Shares by 105.3% during the 1st 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 raised its stake in shares of SPDR Gold Shares by 76.4% during the 1st 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 raised its stake in shares of SPDR Gold Shares by 604.5% during the 1st 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 shares of SPDR Gold Shares during the 2nd quarter worth approximately $120,429,000. Finally, Raymond James Financial Inc. raised its stake in shares of SPDR Gold Shares by 11.0% during the 1st 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. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $378.09 on Tuesday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $378.86. The stock has a market capitalization of $134.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average price of $332.14 and a 200 day moving average price of $313.66.

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).