Tradewinds Capital Management LLC Has $255,000 Position in SPDR Gold Trust (GLD)
Tradewinds Capital Management LLC maintained its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,164 shares of the exchange traded fund’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in SPDR Gold Trust were worth $255,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of GLD. Courage Miller Partners LLC acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $203,000. ST Germain D J Co. Inc. acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $204,000. Clarkston Capital Partners LLC acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $215,000. Kanawha Capital Management LLC raised its stake in shares of SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 125 shares during the period. Finally, Meritage Portfolio Management acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $246,000.
Shares of SPDR Gold Trust (NYSEARCA:GLD) opened at 121.31 on Thursday. SPDR Gold Trust has a one year low of $107.00 and a one year high of $130.28. The company’s 50-day moving average price is $118.45 and its 200-day moving average price is $118.49. SPDR Gold Trust also saw unusually large options trading on Wednesday. Investors bought 73,509 call options on the company. This is an increase of 130% compared to the average volume of 31,916 call options.
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SPDR Gold Trust 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).
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