SPDR Gold Shares $GLD Shares Purchased by Procyon Advisors LLC
by Teresa Graham · The Cerbat GemProcyon Advisors LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,959 shares of the exchange traded fund’s stock after acquiring an additional 1,104 shares during the quarter. Procyon Advisors LLC’s holdings in SPDR Gold Shares were worth $2,731,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in GLD. DAVENPORT & Co LLC lifted its holdings in shares of SPDR Gold Shares by 105.3% in the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP increased its stake in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in SPDR Gold Shares by 604.5% during the 1st 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. Raymond James Financial Inc. increased its stake in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the period. Finally, TD Asset Management Inc increased its stake in SPDR Gold Shares by 148.8% during the 1st quarter. TD Asset Management Inc now owns 328,750 shares of the exchange traded fund’s stock worth $94,726,000 after buying an additional 196,615 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Up 0.2%
Shares of GLD opened at $339.59 on Wednesday. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $340.88. The firm’s 50 day moving average price is $314.63 and its 200 day moving average price is $302.91. The company has a market cap of $113.22 billion, a P/E ratio of -32.43 and a beta of 0.15.
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).
See Also
- Five stocks we like better than SPDR Gold Shares
- Upcoming IPO Stock Lockup Period, Explained
- Is It Time to Trim Your Positions in These 2 AI Stocks?
- EV Stocks and How to Profit from Them
- These 3 Tech Stocks Just Supercharged Their Buybacks
- How to Calculate Retirement Income: MarketBeat’s Calculator
- 3 Dividend Stocks to Hold Through Market Volatility This Fall
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).