Rockefeller Capital Management L.P. Acquires 114,028 Shares of SPDR Gold Shares $GLD

Rockefeller Capital Management L.P. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 854,436 shares of the exchange traded fund’s stock after acquiring an additional 114,028 shares during the period. SPDR Gold Shares makes up approximately 0.7% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 21st biggest position. Rockefeller Capital Management L.P.’s holdings in SPDR Gold Shares were worth $260,458,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares during the first quarter valued at $30,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter worth about $43,000. Finally, Decker Retirement Planning Inc. lifted its holdings in SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 122 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.8%

GLD opened at $375.96 on Friday. SPDR Gold Shares has a twelve month low of $236.33 and a twelve month high of $403.30. The company has a fifty day moving average of $362.36 and a 200-day moving average of $327.28. The stock has a market cap of $136.06 billion, a PE ratio of -32.43 and a beta of 0.09.

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).