SPDR Gold Shares $GLD Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,118 shares of the exchange traded fund’s stock after selling 2,470 shares during the period. SPDR Gold Shares accounts for 6.9% of Northcape Wealth Management LLC’s investment portfolio, making the stock its largest holding. Northcape Wealth Management LLC’s holdings in SPDR Gold Shares were worth $22,593,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GLD. WorthPointe LLC lifted its stake in shares of SPDR Gold Shares by 45.7% in the 2nd quarter. WorthPointe LLC now owns 10,339 shares of the exchange traded fund’s stock worth $3,152,000 after acquiring an additional 3,245 shares during the period. Obermeyer Wealth Partners lifted its stake in shares of SPDR Gold Shares by 13.1% in the 2nd quarter. Obermeyer Wealth Partners now owns 13,158 shares of the exchange traded fund’s stock worth $4,011,000 after acquiring an additional 1,526 shares during the period. Bridgewater Advisors Inc. lifted its stake in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Bridgewater Advisors Inc. now owns 9,568 shares of the exchange traded fund’s stock worth $2,930,000 after acquiring an additional 53 shares during the period. Peregrine Asset Advisers Inc. lifted its stake in shares of SPDR Gold Shares by 46.3% in the 2nd quarter. Peregrine Asset Advisers Inc. now owns 14,281 shares of the exchange traded fund’s stock worth $4,353,000 after acquiring an additional 4,520 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of SPDR Gold Shares by 12.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 150,787 shares of the exchange traded fund’s stock worth $45,964,000 after acquiring an additional 16,187 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $368.78 on Tuesday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The stock has a market capitalization of $133.46 billion, a PE ratio of -32.43 and a beta of 0.09. The company has a fifty day moving average of $352.79 and a 200-day moving average of $323.24.

About SPDR Gold Shares

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).