Allworth Financial LP Boosts Holdings in SPDR Gold Shares $GLD

Allworth Financial LP raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 115,508 shares of the exchange traded fund’s stock after buying an additional 6,323 shares during the quarter. Allworth Financial LP’s holdings in SPDR Gold Shares were worth $35,210,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the first quarter valued at about $30,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $43,000. Finally, Decker Retirement Planning Inc. grew its holdings in SPDR Gold Shares by 358.8% during the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $368.31 on Monday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The stock has a fifty day moving average price of $356.89 and a two-hundred day moving average price of $324.83. The stock has a market capitalization of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).