IMS Capital Management bought a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,597 shares of the exchange traded fund’s stock, valued at approximately $792,000.
Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the first quarter worth about $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $346.46 on Wednesday. The stock has a market capitalization of $115.51 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $348.75. The business’s 50 day moving average price is $317.99 and its 200 day moving average price is $305.41.
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).
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