Helen Stephens Group LLC Increases Position in SPDR Gold Shares $GLD

Helen Stephens Group LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 67.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,688 shares of the exchange traded fund’s stock after acquiring an additional 677 shares during the quarter. Helen Stephens Group LLC’s holdings in SPDR Gold Shares were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. First Financial Bank Trust Division boosted its position in shares of SPDR Gold Shares by 18.0% in the 2nd quarter. First Financial Bank Trust Division now owns 2,066 shares of the exchange traded fund’s stock worth $630,000 after purchasing an additional 315 shares in the last quarter. LVM Capital Management Ltd. MI boosted its position in shares of SPDR Gold Shares by 15.8% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 7,325 shares of the exchange traded fund’s stock worth $2,233,000 after purchasing an additional 1,000 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of SPDR Gold Shares by 8.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 18,735 shares of the exchange traded fund’s stock worth $5,711,000 after purchasing an additional 1,391 shares in the last quarter. Private Client Services LLC boosted its position in shares of SPDR Gold Shares by 11.0% in the 2nd quarter. Private Client Services LLC now owns 5,076 shares of the exchange traded fund’s stock worth $1,547,000 after purchasing an additional 502 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its position in shares of SPDR Gold Shares by 11.6% in the 1st quarter. Howe & Rusling Inc. now owns 2,212 shares of the exchange traded fund’s stock worth $637,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $335.42 on Friday. 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 has a 1-year low of $235.30 and a 1-year high of $338.31. The business has a fifty day moving average price of $313.29 and a 200-day moving average price of $301.64.

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).