Glass Jacobson Investment Advisors llc Has $2.58 Million Stock Position in SPDR Gold Shares $GLD

Glass Jacobson Investment Advisors llc grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,460 shares of the exchange traded fund’s stock after buying an additional 346 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in SPDR Gold Shares were worth $2,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLD. DAVENPORT & Co LLC boosted its holdings in shares of SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the period. 59 North Capital Management LP lifted its position in shares of SPDR Gold Shares by 76.4% in 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 purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter worth approximately $120,429,000. Finally, TD Asset Management Inc lifted its position in shares of SPDR Gold Shares by 108.4% in the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after purchasing an additional 356,401 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $377.52 on Friday. The company has a 50 day simple moving average of $345.72 and a 200-day simple moving average of $319.60. The firm has a market capitalization of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30.

SPDR Gold Shares 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).