Corundum Group Inc. Decreases Holdings in SPDR Gold Shares $GLD

Corundum Group Inc. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,210 shares of the exchange traded fund’s stock after selling 154 shares during the quarter. SPDR Gold Shares comprises approximately 1.2% of Corundum Group Inc.’s portfolio, making the stock its 17th biggest holding. Corundum Group Inc.’s holdings in SPDR Gold Shares were worth $2,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Brighton Jones LLC boosted its position in 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 worth $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR Gold Shares by 6.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 35 shares during the period. Chatham Capital Group Inc. boosted its position in SPDR Gold Shares by 5.1% during the first quarter. Chatham Capital Group Inc. now owns 2,135 shares of the exchange traded fund’s stock worth $615,000 after purchasing an additional 104 shares during the period. Finally, West Coast Financial LLC boosted its position in SPDR Gold Shares by 4.6% during the first quarter. West Coast Financial LLC now owns 8,495 shares of the exchange traded fund’s stock worth $2,448,000 after purchasing an additional 376 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8%

Shares of NYSEARCA:GLD opened at $357.64 on Friday. The firm has a market capitalization of $126.50 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $358.67. The company has a 50-day moving average price of $324.54 and a two-hundred day moving average price of $309.50.

SPDR Gold Shares 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).