Laurel Wealth Advisors LLC Increases Stock Holdings in SPDR Gold Shares $GLD

Laurel Wealth Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 31,232.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,922,406 shares of the exchange traded fund’s stock after acquiring an additional 2,913,079 shares during the period. Laurel Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $890,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the first quarter worth $30,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $34,000. Traub Capital Management LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $34,000. Legacy Wealth Managment LLC ID boosted its position 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 acquiring an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the second quarter valued at approximately $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $380.20 on Tuesday. The stock has a 50-day simple moving average of $367.10 and a 200 day simple moving average of $330.39. The company has a market capitalization of $137.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $238.73 and a one year high of $403.30.

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).