Jackson Grant Investment Advisers Inc. Buys 114 Shares of SPDR Gold Shares $GLD

Jackson Grant Investment Advisers Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,937 shares of the exchange traded fund’s stock after acquiring an additional 114 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in SPDR Gold Shares were worth $590,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Cornerstone Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 4.0% in the first 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 in the last quarter. American National Bank & Trust raised its holdings in SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares during the last quarter. Marmo Financial Group LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $218,000. StrongBox Wealth LLC boosted its stake in 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 valued at $453,000 after purchasing an additional 136 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new stake in SPDR Gold Shares during the 1st quarter valued at $217,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $346.74 on Monday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $348.75. The business has a fifty day moving average price of $320.20 and a 200-day moving average price of $307.23. The stock has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).