SPDR Gold Shares $GLD Shares Purchased by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% in the second quarter, Holdings Channel reports. The fund owned 6,669 shares of the exchange traded fund’s stock after buying an additional 328 shares during the period. SPDR Gold Shares accounts for approximately 1.6% of Pin Oak Investment Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Pin Oak Investment Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its position in 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 during the last quarter. First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares during the second quarter worth about $43,000. Finally, Decker Retirement Planning Inc. grew its stake in shares of SPDR Gold Shares by 358.8% in the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 122 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $371.65 on Tuesday. The firm’s 50-day moving average is $363.10 and its two-hundred day moving average is $327.97. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The firm has a market capitalization of $134.50 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares 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).