Van Cleef Asset Management Inc Has $608,000 Holdings in SPDR Gold Shares $GLD

Van Cleef Asset Management Inc trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.7% in the 2nd quarter, Holdings Channel reports. The fund owned 1,993 shares of the exchange traded fund’s stock after selling 400 shares during the quarter. Van Cleef Asset Management Inc’s holdings in SPDR Gold Shares were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $43,000. Finally, Signature Resources Capital Management LLC lifted its stake in shares of SPDR Gold Shares by 146.7% in the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

GLD stock opened at $368.31 on Friday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The company has a market cap of $133.29 billion, a PE ratio of -32.43 and a beta of 0.09. The business’s 50-day simple moving average is $356.89 and its 200 day simple moving average is $324.59.

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).