Loeb Partners Corp reduced its position in shares of SPDR Gold Trust (NYSEARCA:GLD) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,757 shares of the exchange traded fund’s stock after selling 32,150 shares during the period. SPDR Gold Trust comprises about 5.3% of Loeb Partners Corp’s holdings, making the stock its 2nd largest position. Loeb Partners Corp’s holdings in SPDR Gold Trust were worth $18,619,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of GLD. Harbour Capital Advisors LLC increased its position in SPDR Gold Trust by 3,178.3% in the second quarter. Harbour Capital Advisors LLC now owns 29,505 shares of the exchange traded fund’s stock worth $250,000 after buying an additional 28,605 shares during the period. Eastern Bank increased its position in shares of SPDR Gold Trust by 4.8% in the second quarter. Eastern Bank now owns 4,309 shares of the exchange traded fund’s stock worth $508,000 after buying an additional 197 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of SPDR Gold Trust by 38.6% in the second quarter. Hanson & Doremus Investment Management now owns 6,683 shares of the exchange traded fund’s stock worth $789,000 after buying an additional 1,860 shares during the last quarter. Steinberg Global Asset Management increased its position in shares of SPDR Gold Trust by 10.2% in the second quarter. Steinberg Global Asset Management now owns 2,160 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 200 shares during the last quarter. Finally, Bellecapital International Ltd. increased its position in shares of SPDR Gold Trust by 0.5% in the second quarter. Bellecapital International Ltd. now owns 19,361 shares of the exchange traded fund’s stock worth $2,285,000 after buying an additional 95 shares during the last quarter.
SPDR Gold Trust (GLD) opened at 120.75 on Tuesday. SPDR Gold Trust has a 52 week low of $107.00 and a 52 week high of $130.55. The stock has a 50 day moving average price of $118.27 and a 200-day moving average price of $118.27.
About SPDR Gold Trust
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).
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