Berkshire Money Management Inc. Boosts Holdings in SPDR Gold Shares $GLD

Berkshire Money Management Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 816 shares of the exchange traded fund’s stock after purchasing an additional 80 shares during the period. Berkshire Money Management Inc.’s holdings in SPDR Gold Shares were worth $249,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. grew its stake in SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP grew its position in SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after acquiring an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after acquiring an additional 161,638 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $357.64 on Monday. The business has a 50-day simple moving average of $324.54 and a 200 day simple moving average of $309.90. SPDR Gold Shares has a one year low of $236.13 and a one year high of $358.67. The firm has a market capitalization of $127.25 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).