E&G Advisors LP Acquires 3,117 Shares of SPDR Gold Shares $GLD

E&G Advisors LP increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,152 shares of the exchange traded fund’s stock after purchasing an additional 3,117 shares during the quarter. SPDR Gold Shares makes up approximately 2.9% of E&G Advisors LP’s portfolio, making the stock its 6th largest position. E&G Advisors LP’s holdings in SPDR Gold Shares were worth $12,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth $34,000. Kilter Group LLC acquired a new stake in SPDR Gold Shares during the second quarter valued at $34,000. Legacy Wealth Managment LLC ID grew its stake in 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 valued at $39,000 after purchasing an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares in the second quarter valued at about $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $396.31 on Friday. The company has a market capitalization of $143.42 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $241.05 and a fifty-two week high of $418.45. The business has a 50-day moving average of $385.18 and a 200-day moving average of $347.53.

Key SPDR Gold Shares News

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SPDR Gold Shares Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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