SPDR Gold Shares $GLD Shares Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,472 shares of the exchange traded fund’s stock after acquiring an additional 567 shares during the period. SPDR Gold Shares accounts for 1.2% of Samalin Investment Counsel LLC’s holdings, making the stock its 11th biggest holding. Samalin Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $3,192,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID boosted its position 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 worth $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $43,000. Finally, Decker Retirement Planning Inc. grew its stake in shares of SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $368.31 on Monday. The company has a 50 day moving average price of $356.89 and a 200-day moving average price of $324.83. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The firm has a market cap of $133.29 billion, a price-to-earnings 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).