Marco Investment Management LLC Trims Stock Holdings in SPDR Gold Shares $GLD

Marco Investment Management LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 35.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,342 shares of the exchange traded fund’s stock after selling 11,000 shares during the period. Marco Investment Management LLC’s holdings in SPDR Gold Shares were worth $6,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. TPG Advisors LLC raised its position in shares of SPDR Gold Shares by 2.6% in the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 33 shares during the last quarter. Tsfg LLC grew its stake in SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after acquiring an additional 33 shares during the period. Mather Group LLC. grew its stake in SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 34 shares during the period. Pinnacle Associates Ltd. raised its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after acquiring an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC raised its holdings in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

GLD stock opened at $368.31 on Friday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The stock’s fifty day simple moving average is $356.89 and its 200-day simple moving average is $324.59. The stock has a market capitalization of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).