Brookstone Capital Management Purchases 28,315 Shares of SPDR Gold Shares $GLD

Brookstone Capital Management lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 20.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 167,784 shares of the exchange traded fund’s stock after buying an additional 28,315 shares during the period. SPDR Gold Shares comprises about 0.7% of Brookstone Capital Management’s investment portfolio, making the stock its 28th biggest position. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $51,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the first quarter worth $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID increased 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 worth $39,000 after purchasing an additional 46 shares during the period. Finally, Abound Financial LLC bought a new position in SPDR Gold Shares in the first quarter valued at $56,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 6.4%

GLD opened at $377.24 on Wednesday. The stock has a market cap of $136.33 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The business’s fifty day simple moving average is $341.53 and its 200 day simple moving average is $317.76.

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).