Klingman & Associates LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.8% in the second quarter, HoldingsChannel reports. The firm owned 1,791 shares of the exchange traded fund’s stock after purchasing an additional 48 shares during the period. Klingman & Associates LLC’s holdings in SPDR Gold Shares were worth $546,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares in the first quarter worth $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the first quarter worth $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in SPDR Gold Shares during the first quarter valued at about $56,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
GLD stock opened at $377.24 on Wednesday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The company has a 50-day moving average of $341.53 and a two-hundred day moving average of $317.76. The stock has a market capitalization of $136.33 billion, a price-to-earnings 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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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