E&G Advisors LP Has $9.76 Million Stake in SPDR Gold Shares $GLD

E&G Advisors LP lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.1% in the second quarter, HoldingsChannel.com reports. The fund owned 32,035 shares of the exchange traded fund’s stock after purchasing an additional 6,007 shares during the period. SPDR Gold Shares accounts for 2.5% of E&G Advisors LP’s holdings, making the stock its 6th biggest position. E&G Advisors LP’s holdings in SPDR Gold Shares were worth $9,759,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the first quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its position in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the first quarter valued at approximately $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.7%

Shares of NYSEARCA GLD opened at $345.05 on Tuesday. The firm has a 50 day moving average of $317.19 and a 200 day moving average of $305.13. The firm has a market capitalization of $115.04 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $345.07.

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).