SPDR Gold Shares $GLD Shares Purchased by FineMark National Bank & Trust

FineMark National Bank & Trust boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,466 shares of the exchange traded fund’s stock after purchasing an additional 275 shares during the period. FineMark National Bank & Trust’s holdings in SPDR Gold Shares were worth $8,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 59 North Capital Management LP grew its stake in shares of 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 buying an additional 547,018 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in SPDR Gold Shares during the 2nd quarter valued at about $120,429,000. TD Asset Management Inc grew its position in SPDR Gold Shares by 108.4% in 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 acquiring an additional 356,401 shares in the last quarter. Harvard Management Co. Inc. purchased a new stake in SPDR Gold Shares during the second quarter worth about $101,508,000. Finally, Raymond James Financial Inc. lifted its position in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after purchasing an additional 204,676 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $374.35 on Wednesday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The company has a 50 day moving average price of $363.91 and a 200 day moving average price of $328.51. The stock has a market capitalization of $135.48 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

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).