SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Menlo Advisors LLC

Menlo Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 53,921 shares of the exchange traded fund’s stock after acquiring an additional 105 shares during the quarter. SPDR Gold Shares comprises about 6.4% of Menlo Advisors LLC’s holdings, making the stock its 5th biggest position. Menlo Advisors LLC’s holdings in SPDR Gold Shares were worth $11,593,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Luts & Greenleigh Group Inc. purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $992,000. Citizens Financial Group Inc. RI grew its holdings in SPDR Gold Shares by 26.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 17,311 shares of the exchange traded fund’s stock valued at $3,722,000 after buying an additional 3,594 shares during the last quarter. One Capital Management LLC increased its position in SPDR Gold Shares by 70.7% during the second quarter. One Capital Management LLC now owns 6,357 shares of the exchange traded fund’s stock worth $1,367,000 after buying an additional 2,633 shares in the last quarter. Black Diamond Financial LLC raised its holdings in shares of SPDR Gold Shares by 722.4% in the second quarter. Black Diamond Financial LLC now owns 15,189 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 13,342 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of SPDR Gold Shares by 15.3% in the second quarter. Brown Brothers Harriman & Co. now owns 26,399 shares of the exchange traded fund’s stock valued at $5,676,000 after acquiring an additional 3,509 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.0 %

GLD opened at $238.66 on Tuesday. The business’s fifty day simple moving average is $227.51 and its 200 day simple moving average is $217.96. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $239.28.

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).