Hickory Point Bank & Trust Invests $258,000 in SPDR Gold Shares $GLD

Hickory Point Bank & Trust bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 845 shares of the exchange traded fund’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares in the first quarter valued at about $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the first quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares in the first quarter valued at about $53,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.2%

Shares of SPDR Gold Shares stock opened at $335.42 on Monday. The firm has a market cap of $111.83 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $338.31. The business has a 50-day moving average price of $313.29 and a 200 day moving average price of $302.12.

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).