SFE Investment Counsel Takes Position in SPDR Gold Shares $GLD

SFE Investment Counsel purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 686 shares of the exchange traded fund’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth about $30,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $43,000. Finally, Decker Retirement Planning Inc. boosted its holdings in SPDR Gold Shares by 358.8% in the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

SPDR Gold Shares stock opened at $368.31 on Monday. The firm has a 50 day simple moving average of $356.89 and a 200 day simple moving average of $324.83. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The firm has a market capitalization of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).