Riverstone Advisors LLC Has $535,000 Stock Position in SPDR Gold Shares $GLD

Riverstone Advisors LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.1% during the 2nd quarter, Holdings Channel reports. The fund owned 1,756 shares of the exchange traded fund’s stock after acquiring an additional 243 shares during the period. Riverstone Advisors LLC’s holdings in SPDR Gold Shares were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TPG Advisors LLC increased its stake in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares during the period. Tsfg LLC grew its holdings in SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock valued at $1,104,000 after buying an additional 33 shares in the last quarter. Seeds Investor LLC grew its holdings in SPDR Gold Shares by 3.5% in the 2nd quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after buying an additional 33 shares in the last quarter. Mather Group LLC. increased its position in SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $374.27 on Friday. The firm has a 50-day moving average of $366.28 and a 200-day moving average of $329.62. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30. The stock has a market cap of $135.45 billion, a PE ratio of -32.43 and a beta of 0.09.

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).