Eastern Bank Boosts Stock Holdings in SPDR Gold Shares $GLD

Eastern Bank boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,743 shares of the exchange traded fund’s stock after purchasing an additional 451 shares during the period. Eastern Bank’s holdings in SPDR Gold Shares were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after acquiring an additional 388 shares in the last quarter. American National Bank & Trust lifted its position in shares of SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares in the last quarter. Marmo Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $218,000. StrongBox Wealth LLC lifted its position in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $369.12 on Friday. The company has a market cap of $130.59 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s fifty day moving average price is $330.80 and its two-hundred day moving average price is $312.79. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $373.57.

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).