Royal Fund Management LLC Has $15.70 Million Stock Position in SPDR Gold Shares $GLD

Royal Fund Management LLC increased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 17.6% during the third quarter, Holdings Channel.com reports. The firm owned 44,175 shares of the exchange traded fund’s stock after buying an additional 6,614 shares during the quarter. SPDR Gold Shares accounts for approximately 1.9% of Royal Fund Management LLC’s holdings, making the stock its 8th biggest position. Royal Fund Management LLC’s holdings in SPDR Gold Shares were worth $15,703,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Laurel Wealth Advisors LLC lifted its stake in shares of SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after buying an additional 2,913,079 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of SPDR Gold Shares by 15.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after acquiring an additional 114,028 shares during the last quarter. State Street Corp lifted its position in SPDR Gold Shares by 5.9% in the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock valued at $260,356,000 after acquiring an additional 47,264 shares in the last quarter. Finally, US Bancorp DE lifted its position in SPDR Gold Shares by 0.3% in the 2nd quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock valued at $233,853,000 after acquiring an additional 2,103 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $421.29 on Monday. The firm has a market capitalization of $158.24 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $249.15 and a 52 week high of $426.86. The stock has a 50 day moving average price of $395.73 and a two-hundred day moving average price of $356.38.

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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