IFP Advisors Inc Has $6.32 Million Stock Position in SPDR Gold Shares $GLD

IFP Advisors Inc boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,740 shares of the exchange traded fund’s stock after purchasing an additional 2,432 shares during the period. IFP Advisors Inc’s holdings in SPDR Gold Shares were worth $6,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GLD. Principal Securities Inc. raised its position in shares of 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 acquiring an additional 33 shares during the last quarter. TPG Advisors LLC raised its position in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 33 shares during the last quarter. Mather Group LLC. raised its position in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 34 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after acquiring an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC increased its position in shares of SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.8%

GLD opened at $365.43 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57. The company has a fifty day simple moving average of $329.60 and a 200 day simple moving average of $311.92. The stock has a market cap of $129.29 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).