Financial Designs Corp Buys Shares of 1,695 SPDR Gold Shares $GLD

Financial Designs Corp bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, HoldingsChannel.com reports. The firm bought 1,695 shares of the exchange traded fund’s stock, valued at approximately $517,000. SPDR Gold Shares makes up approximately 0.3% of Financial Designs Corp’s holdings, making the stock its 24th largest holding.

Several other institutional investors have also modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter worth $30,000. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $34,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID grew its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $346.74 on Friday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $348.75. The stock has a market cap of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50-day simple moving average of $320.20 and a 200-day simple moving average of $307.01.

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).