Vantage Point Financial LLC Purchases New Stake in SPDR Gold Shares $GLD

Vantage Point Financial LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 699 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of SPDR Gold Shares by 13.3% in the second quarter. IFP Advisors Inc now owns 20,740 shares of the exchange traded fund’s stock valued at $6,322,000 after purchasing an additional 2,432 shares during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of SPDR Gold Shares by 400.5% in the second quarter. Mainstay Capital Management LLC ADV now owns 43,316 shares of the exchange traded fund’s stock valued at $13,204,000 after purchasing an additional 34,661 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of SPDR Gold Shares by 1.6% in the second quarter. Capital Advisors Ltd. LLC now owns 3,100 shares of the exchange traded fund’s stock valued at $945,000 after purchasing an additional 50 shares during the last quarter. Edge Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $372,000. Finally, PPSC Investment Service Corp increased its holdings in shares of SPDR Gold Shares by 12.6% in the second quarter. PPSC Investment Service Corp now owns 589,232 shares of the exchange traded fund’s stock valued at $179,616,000 after purchasing an additional 66,080 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $365.43 on Friday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57. The stock has a market cap of $129.29 billion, a PE ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average price of $329.60 and a 200 day moving average price of $311.92.

SPDR Gold Shares Company 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).