Spinnaker Trust Buys 75 Shares of SPDR Gold Shares $GLD

Spinnaker Trust boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,084 shares of the exchange traded fund’s stock after purchasing an additional 75 shares during the quarter. Spinnaker Trust’s holdings in SPDR Gold Shares were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust increased its position in SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares during the period. StrongBox Wealth LLC increased its position in SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares during the period. Beaumont Financial Advisors LLC increased its position in SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC increased its position in SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 835 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.4%

GLD stock opened at $363.00 on Thursday. The company has a market cap of $133.44 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50-day simple moving average of $349.20 and a 200 day simple moving average of $321.68. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.

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).