V. M. Manning & CO. Inc. Makes New Investment in SPDR Gold Shares $GLD

V. M. Manning & CO. Inc. purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,269 shares of the exchange traded fund’s stock, valued at approximately $720,000. SPDR Gold Shares accounts for approximately 0.8% of V. M. Manning & CO. Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the 2nd quarter valued at about $26,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $34,000. Kilter Group LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings 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 acquiring an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $395.44 on Monday. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30. The stock has a market cap of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average price is $378.47 and its 200 day moving average price is $338.80.

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).