KCM Investment Advisors LLC Acquires 3,709 Shares of SPDR Gold Shares $GLD

KCM Investment Advisors LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 144.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,284 shares of the exchange traded fund’s stock after purchasing an additional 3,709 shares during the period. KCM Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID boosted its holdings 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 purchasing an additional 46 shares during the period. First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares in the 2nd quarter worth $43,000. Finally, Signature Resources Capital Management LLC increased its holdings in shares of SPDR Gold Shares by 146.7% during the 2nd quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 110 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $368.31 on Friday. The company has a 50-day simple moving average of $356.89 and a 200-day simple moving average of $324.69. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The firm has a market capitalization of $133.29 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).