SPDR Gold Shares $GLD is Transcend Capital Advisors LLC’s 5th Largest Position

Transcend Capital Advisors LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,359 shares of the exchange traded fund’s stock after selling 13,061 shares during the quarter. SPDR Gold Shares makes up about 2.5% of Transcend Capital Advisors LLC’s holdings, making the stock its 5th largest position. Transcend Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $33,031,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in 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 worth $13,109,000 after acquiring 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 worth $363,977,000 after acquiring 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 worth $158,174,000 after acquiring an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares in the second quarter worth $120,429,000. Finally, TD Asset Management Inc boosted its holdings in shares of SPDR Gold Shares by 108.4% in the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after acquiring an additional 356,401 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $377.52 on Monday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The business has a fifty day moving average price of $345.72 and a 200-day moving average price of $320.15. The firm has a market capitalization of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).