SPDR Gold Shares $GLD Shares Purchased by Darden Wealth Group Inc

Darden Wealth Group Inc boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 62.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,867 shares of the exchange traded fund’s stock after acquiring an additional 718 shares during the period. Darden Wealth Group Inc’s holdings in SPDR Gold Shares were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Principal Securities Inc. grew its holdings in SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 33 shares during the last quarter. TPG Advisors LLC raised its stake in SPDR Gold Shares by 2.6% in the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 33 shares during the last quarter. Mather Group LLC. raised its stake in SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC boosted its stake in shares of SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $377.52 on Friday. The firm has a market cap of $138.78 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a 50 day simple moving average of $345.72 and a 200-day simple moving average of $319.91. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30.

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).