SPDR Gold Shares $GLD is Starr Indemnity & Liability Co’s Largest Position

Starr Indemnity & Liability Co boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 54.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 504,418 shares of the exchange traded fund’s stock after acquiring an additional 177,230 shares during the quarter. SPDR Gold Shares accounts for about 56.3% of Starr Indemnity & Liability Co’s investment portfolio, making the stock its largest position. Starr Indemnity & Liability Co’s holdings in SPDR Gold Shares were worth $153,762,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. 59 North Capital Management LP raised its stake in SPDR Gold Shares by 76.4% in the first 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 in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth $120,429,000. TD Asset Management Inc raised its position in shares of SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after buying an additional 356,401 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Finally, Northside Capital Management LLC lifted its holdings in shares of SPDR Gold Shares by 12,058.6% during the 2nd quarter. Northside Capital Management LLC now owns 190,647 shares of the exchange traded fund’s stock worth $58,115,000 after acquiring an additional 189,079 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.8%

GLD opened at $375.96 on Friday. The business’s fifty day simple moving average is $362.36 and its 200 day simple moving average is $327.14. SPDR Gold Shares has a 52 week low of $236.33 and a 52 week high of $403.30. The stock has a market cap of $136.06 billion, a PE ratio of -32.43 and a beta of 0.09.

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).