SPDR Gold Shares $GLD Shares Bought by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 151.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,386 shares of the exchange traded fund’s stock after acquiring an additional 835 shares during the period. ST Germain D J Co. Inc.’s holdings in SPDR Gold Shares were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Southern Capital Advisors LLC boosted its stake in SPDR Gold Shares by 20.9% in the second quarter. Southern Capital Advisors LLC now owns 1,157 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 200 shares during the period. Falcon Wealth Planning acquired a new position in shares of SPDR Gold Shares during the second quarter worth approximately $240,000. Beaumont Financial Advisors LLC boosted its position in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 215 shares during the period. Strategic Investment Solutions Inc. IL boosted its position in shares of SPDR Gold Shares by 11.7% during the second quarter. Strategic Investment Solutions Inc. IL now owns 12,535 shares of the exchange traded fund’s stock worth $3,821,000 after buying an additional 1,314 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its position in shares of SPDR Gold Shares by 2.3% during the second quarter. TCI Wealth Advisors Inc. now owns 2,093 shares of the exchange traded fund’s stock worth $638,000 after buying an additional 48 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA GLD opened at $346.74 on Friday. The stock has a 50 day simple moving average of $320.20 and a 200-day simple moving average of $306.75. The company has a market cap of $115.60 billion, a PE 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 $348.75.

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).