SPDR Gold Shares $GLD Stock Holdings Raised by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,252 shares of the exchange traded fund’s stock after acquiring an additional 96 shares during the quarter. SPDR Gold Shares comprises about 4.5% of Petra Financial Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Petra Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $7,088,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the 1st quarter valued at $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% during the first 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 stake in SPDR Gold Shares during the second quarter valued at $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.8%

SPDR Gold Shares stock opened at $367.01 on Tuesday. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a 50-day simple moving average of $346.92 and a 200 day simple moving average of $320.72. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week 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).