12,672 Shares in SPDR Gold Shares $GLD Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,672 shares of the exchange traded fund’s stock, valued at approximately $3,863,000.

Other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. raised its position in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 33 shares during the last quarter. TPG Advisors LLC increased its stake in SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 33 shares in the last quarter. Mather Group LLC. increased its stake in SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in shares of SPDR Gold Shares by 3.5% in the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 35 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 2.8%

NYSEARCA:GLD opened at $367.01 on Tuesday. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company’s 50 day moving average price is $346.92 and its 200-day moving average price is $320.72. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.

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).