Blue Capital Inc. Makes New $4.22 Million Investment in SPDR Gold Shares $GLD

Blue Capital Inc. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,838 shares of the exchange traded fund’s stock, valued at approximately $4,218,000. SPDR Gold Shares comprises approximately 3.0% of Blue Capital Inc.’s holdings, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust lifted its stake in SPDR Gold Shares by 52.4% in the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares during the period. StrongBox Wealth LLC increased its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after acquiring an additional 136 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 215 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in shares of SPDR Gold Shares by 151.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 835 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

NYSEARCA:GLD opened at $395.44 on Friday. The stock has a market capitalization of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a fifty day simple moving average of $378.47 and a two-hundred day simple moving average of $338.31. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30.

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).