Clifford Swan Investment Counsel LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,452 shares of the exchange traded fund’s stock after selling 5,452 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $23,305,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GLD. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC grew its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during the last quarter. GAMMA Investing LLC increased its position in SPDR Gold Shares by 226.0% in the first quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 400 shares during the period. Financial Enhancement Group LLC lifted its stake in SPDR Gold Shares by 6,368.2% in the first quarter. Financial Enhancement Group LLC now owns 61,448 shares of the exchange traded fund’s stock valued at $19,117,000 after buying an additional 60,498 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its holdings in shares of SPDR Gold Shares by 231.5% during the first quarter. Global Assets Advisory LLC now owns 13,172 shares of the exchange traded fund’s stock valued at $3,724,000 after acquiring an additional 9,198 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Up 0.0%
GLD stock opened at $377.28 on Thursday. The stock has a market cap of $136.35 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s 50-day simple moving average is $342.89 and its 200 day simple moving average is $318.17. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.
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).
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