NBW Capital LLC Reduces Position in SPDR Gold Shares $GLD

NBW Capital LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,559 shares of the exchange traded fund’s stock after selling 385 shares during the quarter. NBW Capital LLC’s holdings in SPDR Gold Shares were worth $780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Laurel Wealth Advisors LLC lifted its holdings in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP boosted its position 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 acquiring an additional 547,018 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in SPDR Gold Shares by 15.4% during the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after acquiring an additional 114,028 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $389.75 on Tuesday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The company has a market capitalization of $141.05 billion, a PE ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average of $371.66 and a two-hundred day moving average of $333.40.

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).