Corient Private Wealth LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,382 shares of the exchange traded fund’s stock after purchasing an additional 15,659 shares during the period. Corient Private Wealth LLC owned about 0.16% of SPDR Gold Shares worth $162,175,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Laurel Wealth Advisors LLC raised its stake in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP raised its position in shares of 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 valued at $363,977,000 after buying an additional 547,018 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of SPDR Gold Shares by 15.4% in the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after buying an additional 114,028 shares in the last quarter. Finally, State Street Corp boosted its position in SPDR Gold Shares by 5.9% during the second quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock worth $260,356,000 after acquiring an additional 47,264 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Up 0.6%
GLD stock opened at $395.44 on Monday. The company has a market cap of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30. The firm has a 50-day moving average of $378.47 and a two-hundred day moving average of $338.80.
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).
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