SPDR Gold Shares $GLD Shares Purchased by Kane Investment Management Inc.

Kane Investment Management Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,759 shares of the exchange traded fund’s stock after acquiring an additional 242 shares during the quarter. Kane Investment Management Inc.’s holdings in SPDR Gold Shares were worth $535,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. TPG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 33 shares during the period. Tsfg LLC grew its stake in SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after acquiring an additional 33 shares during the period. Mather Group LLC. grew its position in shares of SPDR Gold Shares by 1.8% in the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares during the period. Pinnacle Associates Ltd. lifted its position in SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares during the period. Finally, FourThought Financial Partners LLC lifted its position in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 35 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $375.96 on Friday. The stock has a market capitalization of $136.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average of $362.36 and a two-hundred day moving average of $327.14. SPDR Gold Shares has a 12 month low of $236.33 and a 12 month high of $403.30.

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).