Blume Capital Management Inc. Buys 100 Shares of SPDR Gold Shares $GLD

Blume Capital Management Inc. lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,980 shares of the exchange traded fund’s stock after buying an additional 100 shares during the quarter. Blume Capital Management Inc.’s holdings in SPDR Gold Shares were worth $604,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake in SPDR Gold Shares by 11.0% in 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 purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after purchasing an additional 169,005 shares in the last quarter. 59 North Capital Management LP increased 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 purchasing an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 6.4%

Shares of SPDR Gold Shares stock opened at $377.24 on Wednesday. The firm has a market cap of $136.33 billion, a PE ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average of $341.53 and a 200 day moving average of $317.76. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month 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).