Fagan Associates Inc. Takes $211,000 Position in SPDR Gold Shares $GLD

Fagan Associates Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 692 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other institutional investors have also added to or reduced their stakes in the company. 59 North Capital Management LP increased its stake in shares of 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in SPDR Gold Shares by 604.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after buying an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth approximately $120,429,000. TD Asset Management Inc grew its stake in SPDR Gold Shares by 108.4% in the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after buying an additional 356,401 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $378.38 on Tuesday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The stock’s fifty day moving average price is $358.10 and its two-hundred day moving average price is $325.33. The company has a market cap of $136.94 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).