SPDR Gold Shares $GLD Shares Bought by Pullen Investment Management LLC

Pullen Investment Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the second quarter, Holdings Channel reports. The fund owned 6,818 shares of the exchange traded fund’s stock after purchasing an additional 151 shares during the period. SPDR Gold Shares accounts for about 1.3% of Pullen Investment Management LLC’s portfolio, making the stock its 21st biggest position. Pullen Investment Management LLC’s holdings in SPDR Gold Shares were worth $2,078,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Darden Wealth Group Inc raised its stake in shares of SPDR Gold Shares by 62.5% during the 2nd quarter. Darden Wealth Group Inc now owns 1,867 shares of the exchange traded fund’s stock worth $569,000 after buying an additional 718 shares in the last quarter. Ndwm LLC raised its stake in shares of SPDR Gold Shares by 295.0% during the 2nd quarter. Ndwm LLC now owns 19,195 shares of the exchange traded fund’s stock worth $5,851,000 after buying an additional 14,335 shares in the last quarter. Anthracite Investment Company Inc. raised its stake in shares of SPDR Gold Shares by 5.0% during the 2nd quarter. Anthracite Investment Company Inc. now owns 1,050 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 50 shares in the last quarter. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 4.6% during the 2nd quarter. Brighton Jones LLC now owns 11,785 shares of the exchange traded fund’s stock worth $3,592,000 after buying an additional 521 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 12.2% during the 2nd quarter. Waldron Private Wealth LLC now owns 3,149 shares of the exchange traded fund’s stock worth $960,000 after buying an additional 343 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.3%

Shares of GLD stock opened at $377.52 on Friday. The company has a market cap of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a 50 day simple moving average of $345.72 and a 200-day simple moving average of $319.91. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

About SPDR Gold Shares

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).