SPDR Gold Trust (GLD) Position Maintained by Falcon Point Capital LLC
Falcon Point Capital LLC continued to hold its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the exchange traded fund’s stock at the end of the second quarter. Falcon Point Capital LLC’s holdings in SPDR Gold Trust were worth $614,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in GLD. Courage Miller Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth $203,000. ST Germain D J Co. Inc. purchased a new position in SPDR Gold Trust during the second quarter worth $204,000. Clarkston Capital Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth $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 worth $231,000 after buying an additional 125 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new position in SPDR Gold Trust during the second quarter worth $246,000.
SPDR Gold Trust (NYSEARCA:GLD) opened at 122.79 on Friday. The stock has a 50 day moving average of $118.66 and a 200-day moving average of $118.57. SPDR Gold Trust has a 52-week low of $107.00 and a 52-week high of $129.17.
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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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