BTG Pactual Asset Management US LLC Has $11.67 Million Stock Holdings in SPDR Gold Shares $GLD

BTG Pactual Asset Management US LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,294 shares of the exchange traded fund’s stock after acquiring an additional 6,672 shares during the quarter. SPDR Gold Shares comprises about 1.3% of BTG Pactual Asset Management US LLC’s investment portfolio, making the stock its 12th largest holding. BTG Pactual Asset Management US LLC’s holdings in SPDR Gold Shares were worth $11,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLD. Traub Capital Management LLC acquired a new stake in SPDR Gold Shares during the second quarter worth approximately $34,000. Kilter Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $34,000. Legacy Wealth Managment LLC ID grew its holdings in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $43,000. Finally, Decker Retirement Planning Inc. increased its position in shares of SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

GLD stock opened at $395.44 on Friday. SPDR Gold Shares has a 52 week low of $238.73 and a 52 week high of $403.30. The business has a 50-day simple moving average of $378.47 and a 200 day simple moving average of $338.31. The company has a market cap of $143.11 billion, a PE ratio of -32.43 and a beta of 0.09.

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).