Winthrop Capital Management LLC Increases Holdings in SPDR Gold Shares $GLD

Winthrop Capital Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,391 shares of the exchange traded fund’s stock after buying an additional 787 shares during the period. Winthrop Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American National Bank & Trust grew its holdings in shares of 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 buying an additional 100 shares in the last quarter. StrongBox Wealth LLC lifted its stake in shares of 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 valued at $453,000 after buying an additional 136 shares during the period. Beaumont Financial Advisors LLC boosted 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 last quarter. TD Private Client Wealth LLC grew its stake in 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 worth $15,618,000 after acquiring an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in 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 worth $422,000 after acquiring an additional 835 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.6%

Shares of SPDR Gold Shares stock opened at $368.31 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The business’s fifty day moving average is $356.89 and its two-hundred day moving average is $324.69. The firm has a market cap of $133.29 billion, a PE ratio of -32.43 and a beta of 0.09.

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).