Private Capital Advisors Inc. Acquires Shares of 1,152 SPDR Gold Shares $GLD

Private Capital Advisors Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,152 shares of the exchange traded fund’s stock, valued at approximately $351,000.

A number of other institutional investors also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID increased its stake in shares of 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 acquiring an additional 46 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $56,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 6.4%

Shares of SPDR Gold Shares stock opened at $377.24 on Wednesday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The company’s 50-day simple moving average is $341.53 and its 200-day simple moving average is $317.76. The firm has a market cap of $136.33 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).