Senator Investment Group LP Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Senator Investment Group LP increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 81.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,378 shares of the exchange traded fund’s stock after buying an additional 4,648 shares during the period. Senator Investment Group LP’s holdings in SPDR Gold Shares were worth $2,231,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $26,000. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Security National Bank acquired a new position in shares of SPDR Gold Shares during the first quarter worth $28,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.8 %

Shares of NYSEARCA GLD opened at $245.02 on Monday. The business has a 50-day moving average of $230.90 and a two-hundred day moving average of $220.72. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $247.37.

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).