Waverton Investment Management Ltd Purchases 1,040 Shares of SPDR Gold Shares $GLD

Waverton Investment Management Ltd boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,227 shares of the exchange traded fund’s stock after acquiring an additional 1,040 shares during the quarter. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $22,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. 59 North Capital Management LP grew its stake in shares of SPDR Gold Shares by 76.4% during the first 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after buying an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $120,429,000. TD Asset Management Inc grew its stake in shares of SPDR Gold Shares by 108.4% during the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after buying an additional 356,401 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.2%

Shares of NYSEARCA:GLD opened at $366.51 on Thursday. The stock’s 50-day moving average price is $354.87 and its 200-day moving average price is $323.93. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The stock has a market capitalization of $132.64 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).