Crestwood Advisors Group LLC Increases Stock Position in SPDR Gold Shares $GLD

Crestwood Advisors Group LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,245 shares of the exchange traded fund’s stock after buying an additional 1,044 shares during the quarter. Crestwood Advisors Group LLC’s holdings in SPDR Gold Shares were worth $1,904,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares during the first quarter worth $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares during the first quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings 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. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares during the second quarter worth $43,000. Finally, Signature Resources Capital Management LLC boosted its holdings in SPDR Gold Shares by 146.7% during the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 110 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $366.51 on Thursday. The company’s fifty day moving average price is $354.87 and its 200 day moving average price is $323.93. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The company has a market capitalization of $132.64 billion, a PE ratio of -32.43 and a beta of 0.09.

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).