Amundi Has $5.42 Million Position in SPDR Gold Shares $GLD

Amundi increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 680.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,925 shares of the exchange traded fund’s stock after buying an additional 16,500 shares during the period. Amundi’s holdings in SPDR Gold Shares were worth $5,420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. DAVENPORT & Co LLC increased its holdings in SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the last quarter. 59 North Capital Management LP increased its holdings in SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings 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 worth $158,174,000 after buying an additional 471,032 shares during the last quarter. Raymond James Financial Inc. grew its holdings in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in SPDR Gold Shares by 148.8% during the first quarter. TD Asset Management Inc now owns 328,750 shares of the exchange traded fund’s stock valued at $94,726,000 after purchasing an additional 196,615 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.4%

Shares of GLD stock opened at $335.26 on Thursday. SPDR Gold Shares has a 12 month low of $231.09 and a 12 month high of $338.31. The business’s 50 day moving average is $312.17 and its two-hundred day moving average is $300.74. The company has a market cap of $111.78 billion, a PE ratio of -32.43 and a beta of 0.15.

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).