Almanack Investment Partners LLC. Has $1.02 Million Holdings in SPDR Gold Shares $GLD

Almanack Investment Partners LLC. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,337 shares of the exchange traded fund’s stock after selling 49 shares during the period. Almanack Investment Partners LLC.’s holdings in SPDR Gold Shares were worth $1,017,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Yarger Wealth Strategies LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $275,000. Sharp Financial Services LLC boosted its position in shares of SPDR Gold Shares by 9.9% during the second quarter. Sharp Financial Services LLC now owns 24,406 shares of the exchange traded fund’s stock valued at $7,440,000 after buying an additional 2,195 shares during the last quarter. Prostatis Group LLC boosted its position in shares of SPDR Gold Shares by 18.2% during the second quarter. Prostatis Group LLC now owns 16,306 shares of the exchange traded fund’s stock valued at $4,970,000 after buying an additional 2,516 shares during the last quarter. Transcendent Capital Group LLC boosted its position in shares of SPDR Gold Shares by 14.1% during the second quarter. Transcendent Capital Group LLC now owns 1,554 shares of the exchange traded fund’s stock valued at $474,000 after buying an additional 192 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of SPDR Gold Shares by 41.6% during the second quarter. Concurrent Investment Advisors LLC now owns 134,643 shares of the exchange traded fund’s stock valued at $41,043,000 after buying an additional 39,539 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of NYSEARCA:GLD opened at $369.12 on Monday. The stock has a market cap of $130.82 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The business’s 50 day moving average is $330.80 and its 200 day moving average is $313.00.

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).