SPDR Gold Shares $GLD Shares Sold by Peninsula Asset Management Inc.

Peninsula Asset Management Inc. reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 24.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the exchange traded fund’s stock after selling 293 shares during the quarter. Peninsula Asset Management Inc.’s holdings in SPDR Gold Shares were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. boosted its position 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 purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after acquiring an additional 169,005 shares during the period. 59 North Capital Management LP grew its holdings in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the period. Commonwealth Equity Services LLC increased its stake in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after purchasing an additional 161,638 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in SPDR Gold Shares by 15.0% during the first quarter. Cetera Investment Advisers now owns 821,760 shares of the exchange traded fund’s stock worth $236,782,000 after purchasing an additional 107,469 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $368.31 on Monday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The firm has a market capitalization of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s fifty day moving average is $356.89 and its two-hundred day moving average is $324.83.

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).