Matrix Asset Advisors Inc. NY Buys 147 Shares of SPDR Gold Shares $GLD

Matrix Asset Advisors Inc. NY increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 955 shares of the exchange traded fund’s stock after purchasing an additional 147 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in SPDR Gold Shares were worth $291,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the first quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth approximately $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth approximately $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 valued at $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in SPDR Gold Shares during the first quarter valued at approximately $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $369.12 on Friday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57. The firm’s 50 day simple moving average is $330.80 and its two-hundred day simple moving average is $312.79. The stock has a market capitalization of $130.59 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).