Putney Financial Group LLC Trims Stake in SPDR Gold Shares $GLD

by · The Cerbat Gem

Putney Financial Group LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 797 shares of the exchange traded fund’s stock after selling 100 shares during the period. Putney Financial Group LLC’s holdings in SPDR Gold Shares were worth $243,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GLD. Raymond James Financial Inc. raised its holdings 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 purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 worth $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP lifted its position 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 acquiring an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after buying an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of 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 valued at $328,970,000 after acquiring an additional 161,638 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 2.0%

Shares of GLD opened at $370.13 on Friday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The firm has a fifty day simple moving average of $350.46 and a two-hundred day simple moving average of $322.02. The firm has a market cap of $134.32 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company Profile

(Free Report)

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).

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