King Luther Capital Management Corp Buys 9,237 Shares of SPDR Gold Shares $GLD

King Luther Capital Management Corp raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 104.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,051 shares of the exchange traded fund’s stock after acquiring an additional 9,237 shares during the period. King Luther Capital Management Corp’s holdings in SPDR Gold Shares were worth $5,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. Brighton Jones LLC boosted its holdings in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC lifted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 14.4% during the 1st quarter. Diversify Wealth Management LLC now owns 3,168 shares of the exchange traded fund’s stock valued at $970,000 after purchasing an additional 398 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth $239,000. Finally, 3EDGE Asset Management LP bought a new stake in SPDR Gold Shares in the first quarter valued at approximately $230,000. 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. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The company has a market cap of $133.29 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50 day moving average of $356.89 and a 200 day moving average of $324.83.

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).