DeDora Capital Inc. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,018 shares of the exchange traded fund’s stock after buying an additional 81 shares during the quarter. DeDora Capital Inc.’s holdings in SPDR Gold Shares were worth $1,530,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $34,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID grew its holdings in shares of SPDR Gold Shares by 51.1% in the first 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 period. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 1.9%
Shares of GLD opened at $388.99 on Friday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $397.28. The firm has a 50-day moving average price of $338.26 and a 200 day moving average price of $316.27. The firm has a market capitalization of $138.95 billion, a P/E 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).
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