SPDR Gold Shares $GLD Shares Acquired by McGuire Investment Group LLC

McGuire Investment Group LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,725 shares of the exchange traded fund’s stock after acquiring an additional 537 shares during the quarter. McGuire Investment Group LLC’s holdings in SPDR Gold Shares were worth $5,403,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC grew its position in SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the last quarter. 59 North Capital Management LP grew its position in 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 buying an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after buying an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares in the second quarter worth approximately $120,429,000. Finally, Raymond James Financial Inc. grew its position in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $356.03 on Thursday. The firm has a market cap of $118.70 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $356.97. The firm’s 50 day moving average price is $322.65 and its two-hundred day moving average price is $308.43.

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).