Quintet Private Bank Europe S.A. Purchases 2,716 Shares of SPDR Gold Shares $GLD

Quintet Private Bank Europe S.A. grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,811 shares of the exchange traded fund’s stock after acquiring an additional 2,716 shares during the period. Quintet Private Bank Europe S.A.’s holdings in SPDR Gold Shares were worth $6,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $335.42 on Monday. The company has a market capitalization of $111.83 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company has a 50-day simple moving average of $313.29 and a 200 day simple moving average of $302.12. SPDR Gold Shares has a 52 week low of $235.30 and a 52 week high of $338.31.

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).