Nvest Financial LLC Reduces Position in SPDR Gold Shares $GLD

Nvest Financial LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,028 shares of the exchange traded fund’s stock after selling 47,523 shares during the quarter. SPDR Gold Shares accounts for about 2.1% of Nvest Financial LLC’s investment portfolio, making the stock its 14th biggest position. Nvest Financial LLC’s holdings in SPDR Gold Shares were worth $3,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. grew its holdings in shares of SPDR Gold Shares by 0.3% during the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the last quarter. TPG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 33 shares during the last quarter. Mather Group LLC. grew its holdings in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC grew its holdings in shares of SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 35 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.7%

GLD stock opened at $387.39 on Thursday. The stock has a market cap of $137.64 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s 50-day simple moving average is $335.07 and its 200 day simple moving average is $314.63. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $387.76.

SPDR Gold Shares Company 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).