SPDR Gold Shares $GLD Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 21,853 shares of the exchange traded fund’s stock after buying an additional 2,653 shares during the quarter. Wedbush Securities Inc.’s holdings in SPDR Gold Shares were worth $6,661,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $43,000. Finally, Signature Resources Capital Management LLC grew its position in shares of SPDR Gold Shares by 146.7% in the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $368.31 on Friday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The stock has a market cap of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50 day simple moving average of $356.89 and a 200-day simple moving average of $324.59.

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).