SPDR Gold Shares $GLD Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 117.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,268 shares of the exchange traded fund’s stock after purchasing an additional 1,762 shares during the period. Financial Management Professionals Inc.’s holdings in SPDR Gold Shares were worth $996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $30,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID lifted 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 valued at $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $346.46 on Wednesday. The company has a market capitalization of $115.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company’s 50 day simple moving average is $317.99 and its 200 day simple moving average is $305.41. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $348.75.

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).