SPDR Gold Shares $GLD Shares Purchased by Hamel Associates Inc.

Hamel Associates Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,886 shares of the exchange traded fund’s stock after purchasing an additional 228 shares during the period. SPDR Gold Shares comprises 1.8% of Hamel Associates Inc.’s investment portfolio, making the stock its 25th biggest position. Hamel Associates Inc.’s holdings in SPDR Gold Shares were worth $5,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $34,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of SPDR Gold Shares by 51.1% in the 1st 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 in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $43,000. Finally, Decker Retirement Planning Inc. lifted its position in shares of SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 122 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $387.88 on Friday. The firm has a market capitalization of $140.37 billion, a PE ratio of -32.43 and a beta of 0.09. The business’s fifty day moving average price is $370.76 and its 200 day moving average price is $332.48. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30.

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).