GM Advisory Group LLC Increases Holdings in SPDR Gold Shares $GLD

GM Advisory Group LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,948 shares of the exchange traded fund’s stock after purchasing an additional 101 shares during the period. GM Advisory Group LLC’s holdings in SPDR Gold Shares were worth $1,426,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. HWG Holdings LP purchased a new stake in SPDR Gold Shares during the first quarter worth $53,000. Finally, American National Bank & Trust lifted its holdings in SPDR Gold Shares by 189.4% during the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.5%

SPDR Gold Shares stock opened at $305.27 on Wednesday. The business has a fifty day moving average of $308.53 and a two-hundred day moving average of $295.03. The firm has a market cap of $101.78 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $228.26 and a twelve month high of $317.63.

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).