Kalos Management Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 24.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,149 shares of the exchange traded fund’s stock after selling 1,002 shares during the quarter. Kalos Management Inc.’s holdings in SPDR Gold Shares were worth $511,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Gold Shares by 111.5% during the first quarter. JPMorgan Chase & Co. now owns 789,956 shares of the exchange traded fund’s stock worth $126,361,000 after purchasing an additional 7,658,680 shares during the period. Virtu Financial LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $212,572,000. Mackenzie Financial Corp lifted its holdings in shares of SPDR Gold Shares by 28.8% during the second quarter. Mackenzie Financial Corp now owns 2,614,142 shares of the exchange traded fund’s stock worth $432,980,000 after purchasing an additional 583,747 shares during the period. TownSquare Capital LLC raised its position in SPDR Gold Shares by 1,728.6% in the first quarter. TownSquare Capital LLC now owns 610,601 shares of the exchange traded fund’s stock worth $16,534,000 after acquiring an additional 577,210 shares in the last quarter. Finally, Wellington Shields Capital Management LLC raised its position in SPDR Gold Shares by 1,646.1% in the first quarter. Wellington Shields Capital Management LLC now owns 327,954 shares of the exchange traded fund’s stock worth $52,460,000 after acquiring an additional 309,172 shares in the last quarter. 39.20% of the stock is owned by institutional investors and hedge funds.
NYSEARCA:GLD traded down $0.04 during trading hours on Wednesday, hitting $166.00. The company’s stock had a trading volume of 42,138 shares, compared to its average volume of 8,662,284. SPDR Gold Shares has a 52-week low of $157.13 and a 52-week high of $183.53. The business’s 50-day moving average is $167.89 and its two-hundred day moving average is $168.03.
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).
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