M. Kraus & Co Buys 100 Shares of SPDR Gold Shares $GLD

M. Kraus & Co lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,865 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. M. Kraus & Co’s holdings in SPDR Gold Shares were worth $873,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLD. DAVENPORT & Co LLC grew its holdings in shares of SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the last quarter. 59 North Capital Management LP grew its holdings in SPDR Gold Shares by 76.4% during 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth about $120,429,000. Finally, Raymond James Financial Inc. grew its holdings in 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 acquiring an additional 204,676 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $365.43 on Friday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $373.57. The firm’s 50-day moving average is $329.60 and its two-hundred day moving average is $311.92. The stock has a market cap of $129.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).