Zweig DiMenna Associates LLC Makes New Investment in SPDR Gold Shares $GLD

Zweig DiMenna Associates LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 50,875 shares of the exchange traded fund’s stock, valued at approximately $15,508,000. SPDR Gold Shares comprises 1.5% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 19th largest position.

Other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID boosted its position 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 during the period. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter valued at $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $368.12 on Friday. The company has a fifty day moving average price of $351.61 and a 200 day moving average price of $322.69. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The stock has a market cap of $133.59 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).