Paragon Capital Management Ltd Has $507,000 Holdings in SPDR Gold Shares $GLD

Paragon Capital Management Ltd grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.1% during the second quarter, Holdings Channel.com reports. The firm owned 1,664 shares of the exchange traded fund’s stock after buying an additional 509 shares during the period. Paragon Capital Management Ltd’s holdings in SPDR Gold Shares were worth $507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of 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 during the 1st quarter worth about $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA:GLD opened at $346.74 on Friday. The stock has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $348.75. The business has a 50-day moving average price of $320.20 and a two-hundred day moving average price of $306.75.

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).