Sandler Capital Management Purchases 185,672 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sandler Capital Management boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 179.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,972 shares of the exchange traded fund’s stock after acquiring an additional 185,672 shares during the quarter. SPDR Gold Shares accounts for 2.6% of Sandler Capital Management’s investment portfolio, making the stock its 2nd biggest position. Sandler Capital Management owned 0.10% of SPDR Gold Shares worth $38,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Savant Capital LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth about $205,000. Capital Investment Advisors LLC increased its position in shares of SPDR Gold Shares by 2.1% during the second quarter. Capital Investment Advisors LLC now owns 10,906 shares of the exchange traded fund’s stock worth $1,453,000 after acquiring an additional 225 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of SPDR Gold Shares by 2.4% during the first quarter. AdvisorNet Financial Inc now owns 52,428 shares of the exchange traded fund’s stock worth $6,397,000 after acquiring an additional 1,226 shares during the last quarter. Covenant Multifamily Offices LLC increased its position in shares of SPDR Gold Shares by 274.9% during the second quarter. Covenant Multifamily Offices LLC now owns 9,184 shares of the exchange traded fund’s stock worth $1,223,000 after acquiring an additional 6,734 shares during the last quarter. Finally, Cambridge Associates LLC MA ADV increased its position in shares of SPDR Gold Shares by 9.8% during the second quarter. Cambridge Associates LLC MA ADV now owns 795,883 shares of the exchange traded fund’s stock worth $106,012,000 after acquiring an additional 71,136 shares during the last quarter.

SPDR Gold Shares stock traded down $1.02 during midday trading on Wednesday, hitting $140.58. The stock had a trading volume of 1,383,583 shares, compared to its average volume of 9,267,112. SPDR Gold Shares has a 12 month low of $111.85 and a 12 month high of $146.82. The business has a fifty day moving average price of $141.42 and a 200 day moving average price of $129.31.



SPDR Gold Shares 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).

Further Reading: What is the G-20?

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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