Stephenson & Company Inc. Invests $349,000 in SPDR Gold Shares $GLD

Stephenson & Company Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,144 shares of the exchange traded fund’s stock, valued at approximately $349,000. SPDR Gold Shares accounts for 0.2% of Stephenson & Company Inc.’s portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in shares of 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 buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. lifted its stake in shares of SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 122 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8%

GLD stock opened at $382.87 on Friday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The company has a market cap of $138.56 billion, a PE ratio of -32.43 and a beta of 0.09. The business’s 50-day simple moving average is $361.47 and its 200 day simple moving average is $326.67.

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).