Advisors Capital Management LLC Increases Stock Position in SPDR Gold Shares $GLD

Advisors Capital Management LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,540 shares of the exchange traded fund’s stock after acquiring an additional 173 shares during the quarter. Advisors Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,079,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its stake 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 worth $39,000 after buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares in the second quarter valued at $43,000. Finally, Decker Retirement Planning Inc. boosted its stake in SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $375.96 on Friday. The stock has a market capitalization of $136.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $236.33 and a one year high of $403.30. The company’s 50-day simple moving average is $362.36 and its 200-day simple moving average is $327.28.

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).