GFS Advisors LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,135 shares of the exchange traded fund’s stock, valued at approximately $2,175,000.
Other hedge funds have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD stock opened at $369.12 on Friday. The company has a market capitalization of $130.59 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57. The business has a 50-day simple moving average of $330.80 and a two-hundred day simple moving average of $312.79.
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).
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