Woodmont Investment Counsel LLC Makes New $203,000 Investment in SPDR Gold Shares $GLD

Woodmont Investment Counsel LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, HoldingsChannel.com reports. The firm acquired 666 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Several other large investors have also recently added to or reduced their stakes in GLD. Principal Securities Inc. lifted its holdings in SPDR Gold Shares by 0.3% in the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 33 shares during the period. TPG Advisors LLC boosted its stake in SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 33 shares in the last quarter. Mather Group LLC. raised its stake in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after buying an additional 35 shares during the period. Finally, FourThought Financial Partners LLC boosted its stake in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 35 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.9%

NYSEARCA:GLD opened at $364.38 on Tuesday. The company has a 50-day moving average of $325.72 and a 200-day moving average of $310.51. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $365.30. The firm has a market cap of $129.65 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).