Kayne Anderson Rudnick Investment Management LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,568 shares of the exchange traded fund’s stock after selling 260 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in SPDR Gold Shares were worth $1,416,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter valued at $26,000. Gold Investment Management Ltd. acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $27,000. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank bought a new position in shares of SPDR Gold Shares in the 1st quarter worth about $28,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $242.68 on Tuesday. The stock’s 50-day moving average is $229.29 and its 200 day moving average is $219.45. SPDR Gold Shares has a one year low of $168.30 and a one year high of $243.46.
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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