Thrivent Financial for Lutherans lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,190 shares of the exchange traded fund’s stock after selling 944 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Gold Shares were worth $16,381,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GLD. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new position in SPDR Gold Shares in the fourth quarter valued at about $27,000. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Security National Bank purchased a new position in SPDR Gold Shares in the first quarter valued at about $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $246.07 on Wednesday. The business’s 50-day moving average price is $229.64 and its two-hundred day moving average price is $219.77. SPDR Gold Shares has a one year low of $168.30 and a one year high of $246.19.
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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