Howard Capital Management Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,672 shares of the exchange traded fund’s stock, valued at approximately $3,863,000.
Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at $34,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
GLD stock opened at $367.01 on Tuesday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The company has a market cap of $134.91 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock’s fifty day moving average price is $346.92 and its 200-day moving average price is $320.72.
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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