Great Lakes Retirement Inc. bought a new stake in 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 fund bought 1,026 shares of the exchange traded fund’s stock, valued at approximately $313,000.
Other institutional 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 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID lifted its stake 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 valued at $39,000 after acquiring an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $43,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $368.12 on Friday. The stock has a market capitalization of $133.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average price is $351.61 and its two-hundred day moving average price is $322.69. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.
SPDR Gold Shares 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).
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