SPDR Gold Shares $GLD Shares Acquired by Accredited Investor Services LLC

Accredited Investor Services LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 768 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the quarter. Accredited Investor Services LLC’s holdings in SPDR Gold Shares were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Principal Securities Inc. increased its stake in SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after buying an additional 33 shares during the period. TPG Advisors LLC increased its stake in SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 33 shares during the period. Mather Group LLC. increased its stake in SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares during the period. Pinnacle Associates Ltd. increased its stake in SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares during the period. Finally, FourThought Financial Partners LLC increased its stake in SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $369.12 on Friday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The company has a market capitalization of $130.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average price is $330.80 and its 200 day moving average price is $312.55.

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).