Nvest Financial LLC Reduces Position in SPDR Gold Shares $GLD

Nvest Financial LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,028 shares of the exchange traded fund’s stock after selling 47,523 shares during the quarter. SPDR Gold Shares comprises 2.1% of Nvest Financial LLC’s investment portfolio, making the stock its 14th biggest holding. Nvest Financial LLC’s holdings in SPDR Gold Shares were worth $3,971,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake in shares of SPDR Gold Shares by 0.3% during the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 33 shares in the last quarter. TPG Advisors LLC lifted its stake in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares in the last quarter. Mather Group LLC. lifted its stake in shares of SPDR Gold Shares by 1.8% during the second 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 in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in shares of SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $387.39 on Thursday. The stock’s 50-day moving average is $335.07 and its two-hundred day moving average is $314.63. The stock has a market cap of $137.64 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $387.76.

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).