Samalin Investment Counsel LLC Grows Stock Position in SPDR Gold Shares $GLD

Samalin Investment Counsel LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,472 shares of the exchange traded fund’s stock after acquiring an additional 567 shares during the quarter. SPDR Gold Shares accounts for approximately 1.2% of Samalin Investment Counsel LLC’s holdings, making the stock its 11th largest holding. Samalin Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $3,192,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 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. Tsfg LLC lifted its stake in shares of SPDR Gold Shares by 0.9% during the second quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after buying an additional 33 shares during the period. Mather Group LLC. grew its holdings in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after buying an additional 34 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after acquiring an additional 35 shares during the period. Finally, FourThought Financial Partners LLC raised its stake in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $368.31 on Monday. The business’s 50-day simple moving average is $356.89 and its two-hundred day simple moving average is $324.83. The company has a market cap of $133.29 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two 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).