SPDR Gold Shares $GLD Shares Bought by RPG Investment Advisory LLC

RPG Investment Advisory LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 86.9% during the first quarter, Holdings Channel.com reports. The firm owned 7,828 shares of the exchange traded fund’s stock after buying an additional 3,639 shares during the quarter. RPG Investment Advisory LLC’s holdings in SPDR Gold Shares were worth $2,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth approximately $34,000. HWG Holdings LP acquired a new stake in SPDR Gold Shares in the first quarter worth approximately $53,000. Finally, American National Bank & Trust increased its position in shares of 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 valued at $55,000 after purchasing an additional 125 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $307.29 on Friday. The company has a market capitalization of $102.45 billion, a PE ratio of -32.43 and a beta of 0.15. The stock’s fifty day moving average is $308.43 and its 200-day moving average is $295.44. SPDR Gold Shares has a one year low of $228.26 and a one 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).