Quintet Private Bank Europe S.A. Cuts Stock Holdings in SPDR Gold Shares $GLD

Quintet Private Bank Europe S.A. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 18,383 shares of the exchange traded fund’s stock after selling 2,428 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in SPDR Gold Shares were worth $6,535,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its position in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares during the period. Ameriprise Financial Inc. increased its stake in shares of SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP boosted its stake in shares of SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in SPDR Gold Shares by 15.4% in the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after purchasing an additional 114,028 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $395.89 on Wednesday. SPDR Gold Shares has a one year low of $238.73 and a one year high of $403.30. The company’s 50-day simple moving average is $379.69 and its 200 day simple moving average is $340.08. The firm has a market capitalization of $143.27 billion, a P/E ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares 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).