M Holdings Securities Inc. Purchases 13,292 Shares of SPDR Gold Shares $GLD

M Holdings Securities Inc. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 70.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,185 shares of the exchange traded fund’s stock after acquiring an additional 13,292 shares during the quarter. SPDR Gold Shares makes up about 1.7% of M Holdings Securities Inc.’s investment portfolio, making the stock its 13th largest position. M Holdings Securities Inc.’s holdings in SPDR Gold Shares were worth $9,771,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GLD. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $34,000. Kilter Group LLC bought a new position in SPDR Gold Shares in the second quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its holdings 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 buying an additional 46 shares during the period. Finally, First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1%

Shares of NYSEARCA:GLD opened at $387.13 on Friday. The company has a market capitalization of $140.10 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30. The business’s fifty day simple moving average is $374.19 and its 200-day simple moving average is $334.79.

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).