Cwm LLC Has $105.84 Million Position in SPDR Gold Shares $GLD

Cwm LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% in the second quarter, HoldingsChannel.com reports. The fund owned 347,208 shares of the exchange traded fund’s stock after selling 11,066 shares during the quarter. Cwm LLC’s holdings in SPDR Gold Shares were worth $105,839,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. grew its holdings in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. grew its holdings in SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares during the period. 59 North Capital Management LP grew its stake in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after buying an additional 161,638 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $369.12 on Friday. The stock has a 50-day moving average of $330.80 and a 200-day moving average of $312.79. The company has a market cap of $130.59 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57.

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).