Pinpoint Asset Management Singapore Pte. Ltd. Makes New Investment in SPDR Gold Shares $GLD

Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,590 shares of the exchange traded fund’s stock, valued at approximately $15,726,000. SPDR Gold Shares comprises about 2.8% of Pinpoint Asset Management Singapore Pte. Ltd.’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Country Trust Bank boosted its stake in SPDR Gold Shares by 238.6% during the 2nd quarter. Country Trust Bank now owns 298 shares of the exchange traded fund’s stock worth $91,000 after purchasing an additional 210 shares during the last quarter. Viawealth LLC grew its stake in SPDR Gold Shares by 91.8% during the 2nd quarter. Viawealth LLC now owns 4,043 shares of the exchange traded fund’s stock valued at $1,232,000 after acquiring an additional 1,935 shares in the last quarter. Blueprint Financial Advisors LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $2,176,000. Richmond Investment Services LLC lifted its stake in SPDR Gold Shares by 177.9% in the 2nd quarter. Richmond Investment Services LLC now owns 2,268 shares of the exchange traded fund’s stock worth $691,000 after purchasing an additional 1,452 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of SPDR Gold Shares by 61.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 48,860 shares of the exchange traded fund’s stock worth $14,894,000 after purchasing an additional 18,658 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $380.08 on Wednesday. SPDR Gold Shares has a one year low of $238.73 and a one year high of $403.30. The company has a market cap of $137.55 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business’s 50 day moving average price is $367.91 and its 200 day moving average price is $330.90.

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).