Grandfield & Dodd LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 813 shares of the exchange traded fund’s stock, valued at approximately $248,000.
Other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the first quarter worth $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID grew its holdings in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $43,000. Finally, Decker Retirement Planning Inc. raised its stake in shares of SPDR Gold Shares by 358.8% in the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 122 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of GLD stock opened at $375.96 on Friday. The stock has a market capitalization of $136.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $236.33 and a one year high of $403.30. The company’s 50-day simple moving average is $362.36 and its 200-day simple moving average is $327.14.
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).
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