First Eagle Investment Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,437,279 shares of the exchange traded fund’s stock after selling 112,443 shares during the period. SPDR Gold Shares accounts for approximately 1.7% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 22nd biggest position. First Eagle Investment Management LLC’s holdings in SPDR Gold Shares were worth $739,049,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $27,000. Finally, Private Ocean LLC raised its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
GLD opened at $235.51 on Thursday. The company’s 50 day simple moving average is $228.21 and its two-hundred day simple moving average is $218.39. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $240.29.
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).
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