SPDR Gold Shares $GLD is Sicart Associates LLC’s Largest Position

Sicart Associates LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 89,672 shares of the exchange traded fund’s stock after selling 4,463 shares during the period. SPDR Gold Shares accounts for about 9.5% of Sicart Associates LLC’s holdings, making the stock its biggest holding. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $27,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $34,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its position in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.9%

Shares of GLD stock opened at $355.47 on Wednesday. The stock has a market capitalization of $118.51 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $355.57. The stock’s 50-day moving average price is $321.77 and its 200 day moving average price is $308.10.

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).