Kohmann Bosshard Financial Services LLC Buys 174 Shares of SPDR Gold Shares $GLD

Kohmann Bosshard Financial Services LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,734 shares of the exchange traded fund’s stock after buying an additional 174 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in SPDR Gold Shares were worth $833,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the 1st quarter valued at $30,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth $34,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID raised 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 valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $374.27 on Friday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The firm’s 50-day simple moving average is $366.28 and its 200 day simple moving average is $329.62. The stock has a market cap of $135.45 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares 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).