D.A. Davidson & CO. Has $18.61 Million Holdings in SPDR Gold Shares $GLD

D.A. Davidson & CO. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 61,056 shares of the exchange traded fund’s stock after purchasing an additional 7,144 shares during the quarter. D.A. Davidson & CO.’s holdings in SPDR Gold Shares were worth $18,612,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $56,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.0%

Shares of GLD stock opened at $377.28 on Thursday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The firm’s 50 day moving average is $342.89 and its 200-day moving average is $318.17. The firm has a market capitalization of $136.35 billion, a price-to-earnings 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).