Concord Asset Management LLC VA Takes Position in SPDR Gold Shares $GLD

Concord Asset Management LLC VA purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 679 shares of the exchange traded fund’s stock, valued at approximately $207,000.

Several other institutional investors have also added to or reduced their stakes in GLD. DAVENPORT & Co LLC lifted its position in shares of SPDR Gold Shares by 105.3% in the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the period. 59 North Capital Management LP raised its stake in SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $120,429,000. Finally, Raymond James Financial Inc. grew its holdings in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 2.4%

Shares of SPDR Gold Shares stock opened at $378.09 on Tuesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $378.86. The business has a 50-day moving average price of $332.14 and a two-hundred day moving average price of $313.66. The company has a market cap of $134.00 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).