SPDR Gold Shares $GLD is Acorn Creek Capital LLC’s 7th Largest Position

Acorn Creek Capital LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,297 shares of the exchange traded fund’s stock after selling 5,668 shares during the period. SPDR Gold Shares accounts for about 6.1% of Acorn Creek Capital LLC’s investment portfolio, making the stock its 7th biggest position. Acorn Creek Capital LLC’s holdings in SPDR Gold Shares were worth $14,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GLD. DAVENPORT & Co LLC boosted its holdings in shares of 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 valued at $13,109,000 after purchasing an additional 896,836 shares during the period. 59 North Capital Management LP boosted its holdings 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 purchasing an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of 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 valued at $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $120,429,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 11.0% in 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 period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $369.12 on Friday. The firm has a market capitalization of $130.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average price of $330.80 and a 200 day moving average price of $312.79. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57.

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).