Mackay Shields LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,336 shares of the exchange traded fund’s stock after selling 7,500 shares during the period. Mackay Shields LLC’s holdings in SPDR Gold Shares were worth $24,900,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in GLD. Monumental Financial Group Inc. acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $25,000. HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $27,000. Freedman Financial Associates Inc. boosted its holdings in shares of SPDR Gold Shares by 118.1% during the second quarter. Freedman Financial Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the period. Ten Capital Wealth Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 61.7% during the first quarter. Ten Capital Wealth Advisors LLC now owns 262 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 100 shares during the period. Finally, AllSquare Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 535.0% during the second quarter. AllSquare Wealth Management LLC now owns 254 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 214 shares during the period. 39.20% of the stock is currently owned by hedge funds and other institutional investors.
GLD traded up $0.34 during midday trading on Thursday, hitting $167.93. 307,411 shares of the company’s stock traded hands, compared to its average volume of 7,372,148. The stock’s fifty day simple moving average is $166.20 and its 200-day simple moving average is $168.25. SPDR Gold Shares has a one year low of $157.13 and a one year high of $183.53.
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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