Insigneo Advisory Services LLC Boosts Holdings in SPDR Gold Shares $GLD

Insigneo Advisory Services LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,627 shares of the exchange traded fund’s stock after acquiring an additional 8,521 shares during the quarter. SPDR Gold Shares accounts for approximately 2.0% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 9th biggest position. Insigneo Advisory Services LLC’s holdings in SPDR Gold Shares were worth $23,053,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its position in SPDR Gold Shares by 51.1% during the first 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 in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in SPDR Gold Shares during the 2nd quarter worth $43,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $374.27 on Monday. The business has a fifty day moving average price of $366.28 and a two-hundred day moving average price of $329.85. The stock has a market capitalization of $135.45 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two 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).