SPDR Gold Shares $GLD Shares Acquired by Promus Capital LLC

Promus Capital LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 159.7% during the second quarter, Holdings Channel reports. The institutional investor owned 12,696 shares of the exchange traded fund’s stock after acquiring an additional 7,808 shares during the period. SPDR Gold Shares makes up about 2.5% of Promus Capital LLC’s holdings, making the stock its 8th largest position. Promus Capital LLC’s holdings in SPDR Gold Shares were worth $3,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. American National Bank & Trust lifted its holdings in shares of SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares in the last quarter. StrongBox Wealth LLC raised its position in SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after buying an additional 136 shares during the period. Beaumont Financial Advisors LLC lifted its stake in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares in the last quarter. TD Private Client Wealth LLC boosted its position in SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in SPDR Gold Shares by 151.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 835 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $395.44 on Friday. The firm has a market capitalization of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50 day simple moving average of $378.47 and a 200-day simple moving average of $338.55. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30.

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).