Advance Capital Management Inc. Purchases 316 Shares of SPDR Gold Shares $GLD

Advance Capital Management Inc. boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,997 shares of the exchange traded fund’s stock after purchasing an additional 316 shares during the period. Advance Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC grew its stake in SPDR Gold Shares by 55.4% during the second quarter. Granite Bay Wealth Management LLC now owns 16,423 shares of the exchange traded fund’s stock worth $5,006,000 after buying an additional 5,858 shares during the last quarter. D. Scott Neal Inc. raised its stake in shares of SPDR Gold Shares by 0.7% in the second quarter. D. Scott Neal Inc. now owns 102,535 shares of the exchange traded fund’s stock valued at $31,256,000 after acquiring an additional 671 shares during the last quarter. Hickory Point Bank & Trust acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $258,000. RMR Wealth Builders grew its position in SPDR Gold Shares by 41.8% during the 2nd quarter. RMR Wealth Builders now owns 1,476 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 435 shares during the last quarter. Finally, Goldstone Financial Group LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $224,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $335.42 on Monday. The business has a fifty day moving average price of $313.29 and a 200 day moving average price of $302.12. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $338.31. The stock has a market capitalization of $111.83 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).