Legacy Solutions LLC Acquires New Position in SPDR Gold Shares $GLD

Legacy Solutions LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,565 shares of the exchange traded fund’s stock, valued at approximately $1,087,000. SPDR Gold Shares comprises about 1.0% of Legacy Solutions LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other large investors have also recently modified their holdings of GLD. TD Private Client Wealth LLC lifted its stake in shares of SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after buying an additional 6,540 shares in the last quarter. Mather Group LLC. lifted its position in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 34 shares in the last quarter. Peddock Capital Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 45.0% in the second quarter. Peddock Capital Advisors LLC now owns 16,520 shares of the exchange traded fund’s stock worth $5,036,000 after acquiring an additional 5,129 shares during the period. Northside Capital Management LLC grew its position in shares of SPDR Gold Shares by 12,058.6% in the second quarter. Northside Capital Management LLC now owns 190,647 shares of the exchange traded fund’s stock valued at $58,115,000 after purchasing an additional 189,079 shares in the last quarter. Finally, IMS Capital Management bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $792,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $346.46 on Wednesday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75. The stock’s 50-day simple moving average is $317.99 and its 200 day simple moving average is $305.41. The stock has a market capitalization of $115.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

About SPDR Gold Shares

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).