Alexander Labrunerie & CO. Inc. Buys 2,410 Shares of SPDR Gold Shares $GLD

Alexander Labrunerie & CO. Inc. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 162.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,891 shares of the exchange traded fund’s stock after buying an additional 2,410 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in SPDR Gold Shares were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Advisory Alpha LLC increased its position in SPDR Gold Shares by 12.6% during the 2nd quarter. Advisory Alpha LLC now owns 2,572 shares of the exchange traded fund’s stock valued at $784,000 after buying an additional 287 shares in the last quarter. Liberty Wealth Management LLC increased its position in SPDR Gold Shares by 8.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 1,526 shares of the exchange traded fund’s stock valued at $465,000 after buying an additional 122 shares in the last quarter. Teacher Retirement System of Texas increased its position in SPDR Gold Shares by 79.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 195,300 shares of the exchange traded fund’s stock valued at $59,533,000 after buying an additional 86,407 shares in the last quarter. Penobscot Wealth Management increased its position in SPDR Gold Shares by 7.1% during the 2nd quarter. Penobscot Wealth Management now owns 1,339 shares of the exchange traded fund’s stock valued at $408,000 after buying an additional 89 shares in the last quarter. Finally, Oak Grove Capital LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $472,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $367.01 on Tuesday. The business’s 50-day moving average is $346.92 and its 200 day moving average is $320.72. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The firm has a market capitalization of $134.91 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).