Hughes Financial Services LLC Makes New Investment in SPDR Gold Shares $GLD

Hughes Financial Services LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the exchange traded fund’s stock, valued at approximately $155,000.

Several other large investors also recently bought and sold shares of GLD. American National Bank & Trust grew its stake in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 100 shares during the period. StrongBox Wealth LLC lifted its holdings in SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after acquiring an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in SPDR Gold Shares by 6.5% in the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC increased its stake in SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in SPDR Gold Shares by 151.5% in the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 835 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

Shares of SPDR Gold Shares stock opened at $368.31 on Monday. The firm has a market cap of $133.29 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The business’s fifty day simple moving average is $356.89 and its 200-day simple moving average is $324.83.

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).