Telligent Fund LP Takes Position in SPDR Gold Shares $GLD

Telligent Fund LP acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,000 shares of the exchange traded fund’s stock, valued at approximately $3,658,000. SPDR Gold Shares comprises approximately 3.3% of Telligent Fund LP’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. boosted 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 purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP raised its holdings in 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 last quarter. Commonwealth Equity Services LLC boosted its position in SPDR Gold Shares by 16.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after buying an additional 114,028 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $374.96 on Thursday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The company’s 50 day moving average price is $364.70 and its two-hundred day moving average price is $328.83. The firm has a market capitalization of $135.70 billion, a price-to-earnings 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).