Wilmington Savings Fund Society FSB raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,665 shares of the exchange traded fund’s stock after acquiring an additional 2,212 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in SPDR Gold Shares were worth $19,102,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID raised its stake in shares of SPDR Gold Shares by 51.1% during the 1st 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 during the period. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of GLD stock opened at $378.09 on Tuesday. The company has a market cap of $134.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a 50 day simple moving average of $332.14 and a 200-day simple moving average of $313.66. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $378.86.
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).
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