Mesirow Financial Investment Management Inc. Reduces Stock Holdings in SPDR Gold Shares $GLD

Mesirow Financial Investment Management Inc. reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.7% during the 2nd quarter, Holdings Channel reports. The fund owned 212,260 shares of the exchange traded fund’s stock after selling 30,988 shares during the period. SPDR Gold Shares makes up about 1.3% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 16th largest holding. Mesirow Financial Investment Management Inc.’s holdings in SPDR Gold Shares were worth $64,703,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American National Bank & Trust lifted its stake in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC lifted its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after purchasing an additional 215 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after purchasing an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. lifted its stake in shares of SPDR Gold Shares by 151.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 835 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $370.13 on Friday. The firm has a fifty day moving average price of $350.46 and a 200 day moving average price of $322.02. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The stock has a market cap of $134.32 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).