First Bancorp Inc ME grew its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,735 shares of the exchange traded fund’s stock after buying an additional 125 shares during the period. First Bancorp Inc ME’s holdings in SPDR Gold Shares were worth $834,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its stake in shares of SPDR Gold Shares by 0.3% during the 1st 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 during the last quarter. TPG Advisors LLC raised its stake in 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 buying an additional 33 shares during the last quarter. Mather Group LLC. grew its holdings in SPDR Gold Shares by 1.8% in 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 during the period. Pinnacle Associates Ltd. grew its holdings 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 valued at $3,389,000 after buying an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC raised its position in SPDR Gold Shares by 3.5% in the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 35 shares during the period. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Down 1.9%
Shares of NYSEARCA:GLD opened at $388.99 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $397.28. The stock has a market cap of $138.95 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average of $338.26 and a 200 day moving average of $316.27.
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).
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