JPMorgan Chase & Co. Has $601.37 Million Holdings in SPDR Gold Shares $GLD

JPMorgan Chase & Co. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 57.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,972,787 shares of the exchange traded fund’s stock after selling 2,621,517 shares during the quarter. JPMorgan Chase & Co.’s holdings in SPDR Gold Shares were worth $601,365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American National Bank & Trust raised its holdings in SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares during the last quarter. StrongBox Wealth LLC grew its holdings in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC raised its stake in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 835 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2%

Shares of SPDR Gold Shares stock opened at $374.27 on Monday. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30. The company’s fifty day moving average is $366.28 and its 200 day moving average is $329.85.

SPDR Gold Shares Company 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).