HFG Wealth Management LLC Makes New $321,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

HFG Wealth Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,114 shares of the exchange traded fund’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Financial Strategies LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth about $281,000. Parallel Advisors LLC lifted its holdings in SPDR Gold Shares by 3.2% during the 1st quarter. Parallel Advisors LLC now owns 39,200 shares of the exchange traded fund’s stock worth $11,295,000 after buying an additional 1,224 shares during the period. First County Bank CT acquired a new position in SPDR Gold Shares during the 1st quarter worth about $202,000. GAMMA Investing LLC lifted its holdings in SPDR Gold Shares by 93,830.5% during the 1st quarter. GAMMA Investing LLC now owns 166,257 shares of the exchange traded fund’s stock worth $47,905,000 after buying an additional 166,080 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in SPDR Gold Shares by 26.2% during the 1st quarter. AdvisorNet Financial Inc now owns 62,562 shares of the exchange traded fund’s stock worth $18,027,000 after buying an additional 12,970 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.7%

Shares of GLD opened at $303.60 on Friday. The company has a market capitalization of $91.26 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 12 month low of $211.54 and a 12 month high of $317.63. The stock’s 50-day moving average price is $298.11 and its two-hundred day moving average price is $270.03.

SPDR Gold Shares Company 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).