SPDR Gold Shares $GLD Shares Bought by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,000 shares of the exchange traded fund’s stock after purchasing an additional 300 shares during the period. SPDR Gold Shares comprises approximately 0.4% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 7th largest holding. IvyRock Asset Management HK Ltd’s holdings in SPDR Gold Shares were worth $914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares during the period. Choreo LLC raised its holdings in SPDR Gold Shares by 8.2% during the 1st quarter. Choreo LLC now owns 19,169 shares of the exchange traded fund’s stock worth $5,523,000 after purchasing an additional 1,446 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of SPDR Gold Shares by 1.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,683 shares of the exchange traded fund’s stock worth $2,790,000 after purchasing an additional 107 shares during the period. Finally, Accredited Investors Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $267,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.2%

GLD opened at $374.96 on Thursday. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30. The company has a fifty day moving average of $364.70 and a 200-day moving average of $328.83. The stock has a market cap of $135.70 billion, a PE 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).