Magnus Financial Group LLC Purchases 206 Shares of SPDR Gold Shares $GLD

Magnus Financial Group LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,986 shares of the exchange traded fund’s stock after buying an additional 206 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR Gold Shares were worth $2,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the period. Marmo Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $218,000. StrongBox Wealth LLC grew its position in shares of SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $217,000. Finally, TD Private Client Wealth LLC grew its position in shares of SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after buying an additional 6,540 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.9%

SPDR Gold Shares stock opened at $343.32 on Thursday. The firm has a market capitalization of $114.46 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $348.75. The business has a 50-day moving average of $318.69 and a 200-day moving average of $305.68.

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).