SPDR Gold Shares $GLD Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,464,780 shares of the exchange traded fund’s stock after selling 681,116 shares during the period. SPDR Gold Shares accounts for approximately 1.5% of First Eagle Investment Management LLC’s portfolio, making the stock its 26th largest holding. First Eagle Investment Management LLC’s holdings in SPDR Gold Shares were worth $746,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust grew its stake in shares of SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares during the period. StrongBox Wealth LLC boosted its holdings in SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after acquiring an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC grew 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 valued at $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC increased its stake 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 last quarter. Finally, ST Germain D J Co. Inc. increased its stake 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 last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $366.07 on Friday. The firm has a market capitalization of $132.48 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The business’s 50-day simple moving average is $355.89 and its 200-day simple moving average is $324.23.

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).