First Bancorp Inc ME Acquires 125 Shares of SPDR Gold Shares $GLD

First Bancorp Inc ME raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,735 shares of the exchange traded fund’s stock after purchasing an additional 125 shares during the quarter. First Bancorp Inc ME’s holdings in SPDR Gold Shares were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter valued at about $34,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the 1st 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 during the period. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $388.99 on Friday. The company’s fifty day moving average price is $338.26 and its 200 day moving average price is $316.27. The stock has a market capitalization of $138.95 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 $397.28.

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).