Twin Focus Capital Partners LLC raised its stake in SPDR Gold Trust (NYSEARCA:GLD) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,466 shares of the exchange traded fund’s stock after buying an additional 247 shares during the period. SPDR Gold Trust makes up 5.1% of Twin Focus Capital Partners LLC’s holdings, making the stock its 5th largest position. Twin Focus Capital Partners LLC’s holdings in SPDR Gold Trust were worth $9,261,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in shares of SPDR Gold Trust by 4.0% in the second quarter. First Eagle Investment Management LLC now owns 5,371,482 shares of the exchange traded fund’s stock worth $633,942,000 after buying an additional 207,882 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of SPDR Gold Trust by 2,834.6% in the second quarter. SG Americas Securities LLC now owns 655,169 shares of the exchange traded fund’s stock worth $77,323,000 after buying an additional 632,843 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SPDR Gold Trust by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 458,185 shares of the exchange traded fund’s stock worth $54,075,000 after buying an additional 3,866 shares during the last quarter. RiverPoint Capital Management LLC boosted its stake in shares of SPDR Gold Trust by 3.2% in the second quarter. RiverPoint Capital Management LLC now owns 195,952 shares of the exchange traded fund’s stock worth $23,126,000 after buying an additional 6,069 shares during the last quarter. Finally, Billeaud Capital Management Inc. boosted its stake in shares of SPDR Gold Trust by 6.2% in the second quarter. Billeaud Capital Management Inc. now owns 189,125 shares of the exchange traded fund’s stock worth $22,320,000 after buying an additional 11,002 shares during the last quarter.

Shares of SPDR Gold Trust (GLD) traded up 0.37% during midday trading on Friday, hitting $122.74. 12,398,247 shares of the stock were exchanged. SPDR Gold Trust has a one year low of $107.00 and a one year high of $129.08. The firm has a 50 day moving average of $119.85 and a 200-day moving average of $119.08.

COPYRIGHT VIOLATION NOTICE: “Twin Focus Capital Partners LLC Has $9.26 Million Stake in SPDR Gold Trust (GLD)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/27/twin-focus-capital-partners-llc-has-9-26-million-stake-in-spdr-gold-trust-gld.html.

About SPDR Gold Trust

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).

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Trust (NYSEARCA:GLD).

Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

Receive News & Stock Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related stocks with our FREE daily email newsletter.