Lincoln Capital LLC Cuts Stock Position in SPDR Gold Shares $GLD

Lincoln Capital LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,015 shares of the exchange traded fund’s stock after selling 750 shares during the quarter. Lincoln Capital LLC’s holdings in SPDR Gold Shares were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $401,829,000. DAVENPORT & Co LLC boosted its holdings in SPDR Gold Shares by 105.3% in the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after acquiring an additional 471,032 shares in the last quarter. 59 North Capital Management LP raised its stake in shares of SPDR Gold Shares by 116.1% during the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after purchasing an additional 384,840 shares during the period. Finally, Natixis raised its stake in shares of SPDR Gold Shares by 107.1% during the fourth quarter. Natixis now owns 14,166 shares of the exchange traded fund’s stock valued at $3,430,000 after purchasing an additional 213,277 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.1%

Shares of GLD stock opened at $307.43 on Monday. The company has a market capitalization of $102.50 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a fifty day simple moving average of $308.55 and a 200-day simple moving average of $294.62. SPDR Gold Shares has a twelve month low of $228.26 and a twelve month high of $317.63.

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).