BLB&B Advisors LLC Grows Stock Position in SPDR Gold Shares $GLD

BLB&B Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 23.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,236 shares of the exchange traded fund’s stock after purchasing an additional 611 shares during the period. BLB&B Advisors LLC’s holdings in SPDR Gold Shares were worth $986,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the first quarter worth $30,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID increased its stake 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 worth $39,000 after buying an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of SPDR Gold Shares in the second quarter worth $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 2.0%

Shares of NYSEARCA:GLD opened at $370.13 on Friday. The company has a fifty day simple moving average of $350.46 and a 200 day simple moving average of $322.02. The firm has a market cap of $134.32 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).