Game Creek Capital LP Decreases Stake in SPDR Gold Shares $GLD

Game Creek Capital LP cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 54.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,175 shares of the exchange traded fund’s stock after selling 7,450 shares during the quarter. Game Creek Capital LP’s holdings in SPDR Gold Shares were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its stake in SPDR Gold Shares by 9.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 45,586 shares of the exchange traded fund’s stock valued at $13,896,000 after purchasing an additional 3,923 shares during the last quarter. Curi Capital LLC lifted its holdings in shares of SPDR Gold Shares by 3,679.8% during the second quarter. Curi Capital LLC now owns 48,721 shares of the exchange traded fund’s stock worth $14,852,000 after purchasing an additional 47,432 shares during the period. BBR Partners LLC boosted its position in SPDR Gold Shares by 56.6% in the second quarter. BBR Partners LLC now owns 15,077 shares of the exchange traded fund’s stock valued at $4,596,000 after buying an additional 5,448 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in SPDR Gold Shares by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 37,269 shares of the exchange traded fund’s stock worth $11,361,000 after buying an additional 2,160 shares during the period. Finally, BTG Pactual Asset Management US LLC increased its holdings in SPDR Gold Shares by 21.1% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 38,294 shares of the exchange traded fund’s stock worth $11,673,000 after buying an additional 6,672 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA GLD opened at $395.44 on Friday. The company has a 50 day simple moving average of $378.47 and a two-hundred day simple moving average of $338.31. The stock has a market cap of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30.

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).