Nvwm LLC Purchases 3,271 Shares of SPDR Gold Shares $GLD

Nvwm LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,930 shares of the exchange traded fund’s stock after acquiring an additional 3,271 shares during the quarter. SPDR Gold Shares comprises approximately 2.1% of Nvwm LLC’s holdings, making the stock its 7th largest position. Nvwm LLC’s holdings in SPDR Gold Shares were worth $8,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. 59 North Capital Management LP boosted 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. OVERSEA CHINESE BANKING Corp Ltd increased 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 worth $158,174,000 after buying an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $120,429,000. TD Asset Management Inc lifted its stake in SPDR Gold Shares by 108.4% in the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after acquiring an additional 356,401 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake 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 acquiring an additional 204,676 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $366.07 on Friday. The firm has a market capitalization of $132.48 billion, a PE ratio of -32.43 and a beta of 0.09. The business’s fifty day moving average price is $355.89 and its 200 day moving average price is $324.23. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $403.30.

About SPDR Gold Shares

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).