MADDEN SECURITIES Corp acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,452 shares of the exchange traded fund’s stock, valued at approximately $1,917,000. SPDR Gold Shares makes up about 1.7% of MADDEN SECURITIES Corp’s portfolio, making the stock its 15th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. Advisor Group Holdings Inc. bought a new stake in SPDR Gold Shares in the 1st quarter valued at $110,936,000. BlackRock Inc. lifted its position in SPDR Gold Shares by 210.3% in the 1st quarter. BlackRock Inc. now owns 7,954,239 shares of the exchange traded fund’s stock valued at $1,177,625,000 after acquiring an additional 5,390,754 shares in the last quarter. Morgan Stanley lifted its position in SPDR Gold Shares by 39.8% in the 1st quarter. Morgan Stanley now owns 9,542,061 shares of the exchange traded fund’s stock valued at $1,412,702,000 after acquiring an additional 2,714,243 shares in the last quarter. Eminence Capital LP bought a new stake in SPDR Gold Shares in the 1st quarter valued at $160,433,000. Finally, Cabana LLC lifted its position in SPDR Gold Shares by 10,031.1% in the 1st quarter. Cabana LLC now owns 939,858 shares of the exchange traded fund’s stock valued at $152,003,000 after acquiring an additional 930,581 shares in the last quarter.
NYSEARCA:GLD traded up $0.79 on Tuesday, hitting $170.19. 9,799,302 shares of the company’s stock were exchanged, compared to its average volume of 12,839,535. The firm has a 50-day moving average price of $164.26 and a 200-day moving average price of $155.24. SPDR Gold Shares has a 52 week low of $132.13 and a 52 week high of $170.86.
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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