Aspen Investment Management Inc Purchases 1,121 Shares of SPDR Gold Shares $GLD

Aspen Investment Management Inc increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 19.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,978 shares of the exchange traded fund’s stock after acquiring an additional 1,121 shares during the quarter. Aspen Investment Management Inc’s holdings in SPDR Gold Shares were worth $2,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its holdings in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares during the period. Ameriprise Financial Inc. lifted its holdings in SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP boosted its position in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after acquiring an additional 547,018 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after acquiring an additional 161,638 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of SPDR Gold Shares by 15.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock valued at $260,458,000 after acquiring an additional 114,028 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $374.35 on Wednesday. The business has a fifty day moving average price of $363.91 and a 200 day moving average price of $328.51. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30. The stock has a market capitalization of $135.48 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

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).