Symmetry Partners LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,805 shares of the exchange traded fund’s stock after acquiring an additional 71 shares during the period. Symmetry Partners LLC’s holdings in SPDR Gold Shares were worth $550,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the first quarter worth $30,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID grew its position in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.6%
GLD opened at $346.74 on Friday. The stock has a 50-day moving average price of $320.20 and a 200-day moving average price of $307.01. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $348.75. The stock has a market capitalization of $115.60 billion, a P/E 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).
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