SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Private Ocean LLC

Private Ocean LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 155.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125 shares of the exchange traded fund’s stock after purchasing an additional 76 shares during the period. Private Ocean LLC’s holdings in SPDR Gold Shares were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 16.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 81,195 shares of the exchange traded fund’s stock worth $17,458,000 after purchasing an additional 11,217 shares during the last quarter. Focused Wealth Management Inc acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $202,000. Rothschild Investment LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $518,000. Blue Fin Capital Inc. raised its position in shares of SPDR Gold Shares by 1.1% during the 2nd quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock valued at $8,004,000 after buying an additional 388 shares during the period. Finally, United Capital Management of KS Inc. purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $221,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.7 %

Shares of GLD stock traded down $1.66 during trading on Friday, hitting $231.29. 5,742,963 shares of the stock traded hands, compared to its average volume of 7,122,871. The firm’s fifty day moving average price is $223.79 and its 200-day moving average price is $214.01. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $234.01.

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).