SG Americas Securities LLC increased its stake in SPDR Gold Trust (NYSEARCA:GLD) by 2,834.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 655,169 shares of the exchange traded fund’s stock after buying an additional 632,843 shares during the period. SPDR Gold Trust accounts for 0.7% of SG Americas Securities LLC’s investment portfolio, making the stock its 15th largest position. SG Americas Securities LLC’s holdings in SPDR Gold Trust were worth $77,323,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of GLD. Courage Miller Partners LLC acquired a new position in SPDR Gold Trust during the second quarter valued at about $203,000. ST Germain D J Co. Inc. acquired a new position in SPDR Gold Trust during the second quarter valued at about $204,000. Clarkston Capital Partners LLC acquired a new position in SPDR Gold Trust during the second quarter valued at about $215,000. Kanawha Capital Management LLC raised its position in SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 125 shares during the last quarter. Finally, Meritage Portfolio Management acquired a new position in SPDR Gold Trust during the second quarter valued at about $246,000.
SPDR Gold Trust (NYSEARCA:GLD) opened at 121.92 on Tuesday. The stock’s 50 day moving average is $118.73 and its 200 day moving average is $118.68. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $129.26.
SPDR Gold Trust 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).
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