Lafayette Investments Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,950 shares of the exchange traded fund’s stock after acquiring an additional 250 shares during the period. Lafayette Investments Inc.’s holdings in SPDR Gold Shares were worth $323,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GLD. FMR LLC boosted its holdings in SPDR Gold Shares by 1,211.6% in the 1st quarter. FMR LLC now owns 105,272 shares of the exchange traded fund’s stock worth $12,844,000 after buying an additional 97,246 shares during the last quarter. Camden National Bank boosted its holdings in SPDR Gold Shares by 6.2% in the 4th quarter. Camden National Bank now owns 4,225 shares of the exchange traded fund’s stock worth $754,000 after buying an additional 245 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter worth about $2,332,000. ARGI Investment Services LLC acquired a new stake in SPDR Gold Shares in the 1st quarter worth about $372,000. Finally, Koshinski Asset Management Inc. boosted its holdings in SPDR Gold Shares by 23.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 14,380 shares of the exchange traded fund’s stock worth $2,300,000 after buying an additional 2,706 shares during the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.
GLD stock traded down $0.37 during trading on Friday, hitting $163.66. The stock had a trading volume of 362,680 shares, compared to its average volume of 8,678,394. SPDR Gold Shares has a twelve month low of $157.13 and a twelve month high of $184.09. The company’s 50-day moving average price is $168.15 and its two-hundred day moving average price is $167.83.
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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