Wellington Capital Management Inc. Makes New Investment in SPDR Gold Shares $GLD

Wellington Capital Management Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,155 shares of the exchange traded fund’s stock, valued at approximately $657,000. SPDR Gold Shares comprises about 0.9% of Wellington Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors have also modified their holdings of the company. American National Bank & Trust grew its stake in shares of SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC lifted its stake in shares of SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares during the period. Beaumont Financial Advisors LLC boosted its holdings in SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 215 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after buying an additional 6,540 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 835 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6%

Shares of SPDR Gold Shares stock opened at $395.44 on Friday. The company has a 50-day moving average of $378.47 and a two-hundred day moving average of $338.55. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30. The stock has a market cap of $143.11 billion, a PE ratio of -32.43 and a beta of 0.09.

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).