Viewpoint Capital Management LLC Sells 66 Shares of SPDR Gold Shares $GLD

Viewpoint Capital Management LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 890 shares of the exchange traded fund’s stock after selling 66 shares during the quarter. Viewpoint Capital Management LLC’s holdings in SPDR Gold Shares were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Securities Inc. increased its stake in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after buying an additional 33 shares during the period. TPG Advisors LLC increased its position in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 33 shares during the period. Mather Group LLC. raised its stake in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 34 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares during the period. Finally, FourThought Financial Partners LLC grew its stake in SPDR Gold Shares by 3.5% in the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.9%

GLD opened at $364.38 on Tuesday. The stock’s fifty day moving average is $325.72 and its two-hundred day moving average is $310.51. The company has a market capitalization of $129.65 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $365.30.

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).