Astoria Portfolio Advisors LLC. Raises Position in SPDR Gold Shares $GLD

Astoria Portfolio Advisors LLC. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 262.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,560 shares of the exchange traded fund’s stock after buying an additional 2,578 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in SPDR Gold Shares were worth $1,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $34,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the 1st 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. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0%

SPDR Gold Shares stock opened at $369.12 on Monday. The stock has a market cap of $130.82 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a fifty day simple moving average of $330.80 and a 200-day simple moving average of $313.00. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57.

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).