Strengthening Families & Communities LLC Grows Holdings in SPDR Gold Shares $GLD

Strengthening Families & Communities LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,509 shares of the exchange traded fund’s stock after purchasing an additional 159 shares during the quarter. Strengthening Families & Communities LLC’s holdings in SPDR Gold Shares were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID raised its position in 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 valued at $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.0%

GLD opened at $369.12 on Friday. The company has a market capitalization of $130.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The business’s fifty day simple moving average is $330.80 and its 200-day simple moving average is $312.55.

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).