MRP Capital Investments LLC Sells 2,770 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MRP Capital Investments LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,032 shares of the exchange traded fund’s stock after selling 2,770 shares during the quarter. SPDR Gold Shares comprises 1.8% of MRP Capital Investments LLC’s investment portfolio, making the stock its 13th largest holding. MRP Capital Investments LLC’s holdings in SPDR Gold Shares were worth $1,942,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLD. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the first quarter worth $26,000. Gold Investment Management Ltd. acquired a new stake in SPDR Gold Shares during the fourth quarter worth $27,000. Finally, Private Ocean LLC increased its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.8 %

NYSEARCA:GLD opened at $235.51 on Thursday. The company has a 50-day moving average of $228.21 and a 200-day moving average of $218.39. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $240.29.

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).