Seamount Financial Group Inc. Buys 242 Shares of SPDR Gold Shares $GLD

Seamount Financial Group Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,268 shares of the exchange traded fund’s stock after purchasing an additional 242 shares during the period. SPDR Gold Shares makes up approximately 1.6% of Seamount Financial Group Inc.’s investment portfolio, making the stock its 17th biggest position. Seamount Financial Group Inc.’s holdings in SPDR Gold Shares were worth $3,130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GLD. DAVENPORT & Co LLC increased its stake in SPDR Gold Shares by 105.3% in the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP increased its position in SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in SPDR Gold Shares during the second quarter valued at $120,429,000. Finally, Raymond James Financial Inc. lifted its position in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.9%

SPDR Gold Shares stock opened at $364.38 on Tuesday. The company’s 50-day moving average price is $325.72 and its 200-day moving average price is $310.51. The company has a market cap of $129.65 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $365.30.

SPDR Gold Shares 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).