SPDR Gold Shares $GLD Stock Position Lifted by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,396 shares of the exchange traded fund’s stock after acquiring an additional 3,395 shares during the quarter. SPDR Gold Shares comprises approximately 3.8% of Armstrong Advisory Group Inc.’s holdings, making the stock its 7th biggest position. Armstrong Advisory Group Inc.’s holdings in SPDR Gold Shares were worth $53,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GLD. American National Bank & Trust grew its holdings in SPDR Gold Shares by 52.4% during the 2nd 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 in the last quarter. StrongBox Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares in the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in SPDR Gold Shares by 151.5% during the second 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 in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $399.29 on Thursday. The company has a market cap of $144.50 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30. The firm’s fifty day moving average is $380.23 and its two-hundred day moving average is $340.49.

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).