Barings LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,393 shares of the exchange traded fund’s stock, valued at approximately $5,293,000.
Several other institutional investors and hedge funds have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $30,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Traub Capital Management LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its stake in 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 in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $43,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $374.27 on Friday. The business’s fifty day moving average price is $366.28 and its two-hundred day moving average price is $329.72. The stock has a market cap of $135.45 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $238.73 and a one year 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).
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