Long Island Wealth Management Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 808 shares of the exchange traded fund’s stock, valued at approximately $233,000.
Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares during the 1st quarter worth about $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares during the 1st quarter worth about $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares during the 1st quarter worth about $34,000. HWG Holdings LP bought a new position in SPDR Gold Shares during the 1st quarter worth about $53,000. Finally, American National Bank & Trust increased its holdings in SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.3%
GLD stock opened at $309.21 on Thursday. The stock has a 50-day moving average price of $308.55 and a two-hundred day moving average price of $293.35. The stock has a market cap of $103.09 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $225.12 and a 1 year high of $317.63.
About SPDR Gold Shares
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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