1,695 Shares in SPDR Gold Shares $GLD Purchased by Financial Designs Corp

Financial Designs Corp acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,695 shares of the exchange traded fund’s stock, valued at approximately $517,000. SPDR Gold Shares makes up 0.3% of Financial Designs Corp’s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares in the last quarter. American National Bank & Trust lifted its stake in shares of SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 100 shares in the last quarter. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $218,000. StrongBox Wealth LLC grew its stake in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after acquiring an additional 136 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $217,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

Shares of GLD opened at $346.74 on Friday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75. The stock has a fifty day simple moving average of $320.20 and a two-hundred day simple moving average of $307.01. The company has a market capitalization of $115.60 billion, a PE ratio of -32.43 and a beta of 0.15.

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).