Main Street Research LLC Invests $210,000 in SPDR Gold Shares $GLD

Main Street Research LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 689 shares of the exchange traded fund’s stock, valued at approximately $210,000.

Other hedge funds have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $43,000. Finally, Signature Resources Capital Management LLC boosted its position in shares of SPDR Gold Shares by 146.7% in the 2nd quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 110 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 1.8%

Shares of NYSEARCA GLD opened at $362.32 on Wednesday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The firm has a market cap of $131.12 billion, a P/E ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average of $353.79 and a 200 day moving average of $323.63.

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).