DeDora Capital Inc. Increases Stock Position in SPDR Gold Shares $GLD

DeDora Capital Inc. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,018 shares of the exchange traded fund’s stock after acquiring an additional 81 shares during the quarter. DeDora Capital Inc.’s holdings in SPDR Gold Shares were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Northern Capital Management Inc. purchased a new position in SPDR Gold Shares during the second quarter worth about $207,000. Quotient Wealth Partners LLC boosted its stake in SPDR Gold Shares by 103.6% during the second quarter. Quotient Wealth Partners LLC now owns 1,686 shares of the exchange traded fund’s stock worth $514,000 after buying an additional 858 shares during the period. Manchester Financial Inc. boosted its stake in SPDR Gold Shares by 6.1% during the second quarter. Manchester Financial Inc. now owns 2,376 shares of the exchange traded fund’s stock worth $724,000 after buying an additional 137 shares during the period. Koshinski Asset Management Inc. boosted its stake in SPDR Gold Shares by 9.4% during the second quarter. Koshinski Asset Management Inc. now owns 22,504 shares of the exchange traded fund’s stock worth $6,860,000 after buying an additional 1,925 shares during the period. Finally, Foster & Motley Inc. lifted its position in shares of SPDR Gold Shares by 24.4% during the second quarter. Foster & Motley Inc. now owns 876 shares of the exchange traded fund’s stock worth $267,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $388.99 on Friday. The stock has a market capitalization of $138.95 billion, a PE 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 $397.28. The company’s 50-day simple moving average is $338.26 and its 200-day simple moving average is $316.27.

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).