Osaic Holdings Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,119,324 shares of the exchange traded fund’s stock after purchasing an additional 74,495 shares during the quarter. Osaic Holdings Inc. owned approximately 0.36% of SPDR Gold Shares worth $182,382,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Tucker Asset Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $25,000. Northwest Capital Management Inc acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $35,000. Old North State Trust LLC boosted its stake in SPDR Gold Shares by 225.4% in the 1st quarter. Old North State Trust LLC now owns 550 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 381 shares during the last quarter. WFA of San Diego LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at approximately $36,000. Finally, Worth Asset Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $36,000. 40.99% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 0.4 %
GLD traded down $0.73 on Monday, reaching $182.94. 2,301,373 shares of the company’s stock were exchanged, compared to its average volume of 7,267,822. SPDR Gold Shares has a twelve month low of $161.28 and a twelve month high of $191.36. The company’s 50 day moving average is $178.76 and its 200-day moving average is $180.04.
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).
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