Thomist Capital Management LP purchased a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,874 shares of the exchange traded fund’s stock, valued at approximately $7,276,000. SPDR Gold Shares makes up 2.7% of Thomist Capital Management LP’s portfolio, making the stock its 11th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $26,000. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $26,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Down 0.8 %
GLD stock opened at $235.51 on Thursday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $240.29. The firm has a 50-day moving average of $228.21 and a two-hundred day moving average of $218.39.
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).
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