Peddock Capital Advisors LLC Has $5.04 Million Position in SPDR Gold Shares $GLD

Peddock Capital Advisors LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 45.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,520 shares of the exchange traded fund’s stock after purchasing an additional 5,129 shares during the period. SPDR Gold Shares accounts for 1.2% of Peddock Capital Advisors LLC’s portfolio, making the stock its 19th largest holding. Peddock Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $5,036,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GLD. DAVENPORT & Co LLC increased its stake in shares of SPDR Gold Shares by 105.3% during 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 last quarter. 59 North Capital Management LP boosted its holdings in SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in SPDR Gold Shares by 604.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $120,429,000. Finally, Raymond James Financial Inc. boosted its holdings in SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.4%

NYSEARCA GLD opened at $346.46 on Wednesday. The company has a market capitalization of $115.51 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $348.75. The firm has a 50-day moving average price of $317.99 and a two-hundred day moving average price of $305.41.

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).