Ethos Financial Group LLC Has $12.39 Million Position in SPDR Gold Shares $GLD

Ethos Financial Group LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 138.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,648 shares of the exchange traded fund’s stock after buying an additional 23,583 shares during the quarter. SPDR Gold Shares makes up about 1.1% of Ethos Financial Group LLC’s portfolio, making the stock its 21st biggest position. Ethos Financial Group LLC’s holdings in SPDR Gold Shares were worth $12,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the first quarter worth $30,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its stake 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 buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $43,000. Finally, Signature Resources Capital Management LLC raised its stake in shares of SPDR Gold Shares by 146.7% during the 2nd quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 110 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $366.51 on Thursday. The company has a fifty day moving average price of $354.87 and a two-hundred day moving average price of $323.93. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The stock has a market cap of $132.64 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).