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Here's Why Kinsman Oak Disposed its SPDR Gold (GLD) Position


Here’s Why Kinsman Oak Disposed its SPDR Gold (GLD) Position
Kinsman Oak Capital Partners, an investment management firm, published its “Kinsman Oak Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 3.7% was delivered by the fund for the Q1 of 2021, trailing the S&P 500 Index that delivered a 6.2% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Kinsman Oak Equity Fund, in its Q1 2021 investor letter, mentioned SPDR Gold Shares (NYSE: GLD), and shared their insights on the company. SPDR Gold Shares is a US-based SPDR family of exchange-traded funds that currently has a $57.7 billion market capitalization. As of May 14, 2021, the stock closed at $172.69 per share. ....

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