SPDR Gold Shares $GLD Shares Purchased by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the exchange traded fund’s stock after acquiring an additional 300 shares during the period. SPDR Gold Shares comprises about 0.4% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 7th largest holding. IvyRock Asset Management HK Ltd’s holdings in SPDR Gold Shares were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its position 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 acquiring an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in SPDR Gold Shares in the second quarter valued at approximately $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $374.96 on Thursday. The business has a fifty day moving average price of $364.70 and a two-hundred day moving average price of $328.83. The stock has a market capitalization of $135.70 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30.

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).