Luminist Capital Increases SPDR Gold Shares Stake by 93.8%

Luminist Capital LLC significantly increased its investment in SPDR Gold Shares (NYSEARCA: GLD) by 93.8% during the second quarter of the year, according to a recent filing with the Securities & Exchange Commission. The fund now holds a total of 21,348 shares after acquiring an additional 10,332 shares in the quarter, representing 6.5% of its overall investment portfolio. As of the end of the last quarter, Luminist Capital’s holdings in SPDR Gold Shares were valued at approximately $6,541,000.

Other institutional investors have also been active in the SPDR Gold Shares market. Notably, Laurel Wealth Advisors LLC expanded its position by an astounding 31,232.8% during the same quarter. This leap means that Laurel now owns 2,922,406 shares, worth around $890,837,000, after acquiring an impressive 2,913,079 shares.

In addition, Raymond James Financial Inc. increased its stake in SPDR Gold Shares by 11.0% in the first quarter. The firm now holds 2,063,634 shares with a total value of $594,616,000 following a purchase of 204,676 shares. Similarly, Ameriprise Financial Inc. boosted its investment by 12.2%, bringing its total to 1,556,698 shares valued at $450,902,000 after acquiring an additional 169,005 shares.

Another notable investment came from 59 North Capital Management LP, which grew its position in SPDR Gold Shares by 76.4%, now owning 1,263,196 shares worth $363,977,000. Finally, Rockefeller Capital Management L.P. increased its stake by 15.4% in the second quarter, bringing its total to 854,436 shares valued at approximately $260,458,000.

Overall, institutional investors and hedge funds now hold approximately 42.19% of SPDR Gold Shares, reflecting a strong interest in this investment vehicle.

SPDR Gold Shares Performance Overview

On Wednesday, shares of SPDR Gold Shares opened at $387.24. The stock has experienced a significant fluctuation over the past year, with a low of $238.73 and a high of $403.30. The current market capitalization stands at $140.14 billion, with a price-to-earnings ratio of -32.43 and a beta of 0.09. Additionally, the fund’s 50-day and 200-day simple moving averages are $372.47 and $334.06, respectively.

The SPDR Gold Trust, which manages SPDR Gold Shares, aims to reflect the performance of gold bullion prices, adjusting for the Trust’s expenses. The Trust operates by creating and redeeming shares, typically in large blocks known as Baskets, which contain 100,000 shares each.

For investors interested in tracking the activities of hedge funds and institutional investors in SPDR Gold Shares, resources like HoldingsChannel.com provide the latest 13F filings and insider trades. Additionally, MarketBeat.com offers daily summaries of news and analysts’ ratings related to SPDR Gold Shares and other companies in the sector.