SPDR Gold Shares $GLD Stock Holdings Raised by Accredited Investor Services LLC

Accredited Investor Services LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 768 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the period. Accredited Investor Services LLC’s holdings in SPDR Gold Shares were worth $234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allen Wealth Management LLC increased its position in shares of SPDR Gold Shares by 9.3% in the 2nd quarter. Allen Wealth Management LLC now owns 937 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 80 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 1.0% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 12,652 shares of the exchange traded fund’s stock valued at $3,857,000 after buying an additional 123 shares during the last quarter. Brandywine Oak Private Wealth LLC grew its position in shares of SPDR Gold Shares by 9.5% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 5,603 shares of the exchange traded fund’s stock valued at $1,708,000 after buying an additional 487 shares during the last quarter. WMG Financial Advisors LLC grew its position in shares of SPDR Gold Shares by 31.6% during the 2nd quarter. WMG Financial Advisors LLC now owns 7,317 shares of the exchange traded fund’s stock valued at $2,230,000 after buying an additional 1,755 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $305,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of NYSEARCA:GLD opened at $369.12 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57. The firm has a 50-day simple moving average of $330.80 and a 200 day simple moving average of $312.55. The company has a market cap of $130.59 billion, a PE 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).