Flow Traders U.S. LLC Increases Position in SPDR Gold Shares $GLD

Flow Traders U.S. LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 276.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304,814 shares of the exchange traded fund’s stock after purchasing an additional 223,744 shares during the quarter. SPDR Gold Shares comprises 3.4% of Flow Traders U.S. LLC’s portfolio, making the stock its 3rd largest holding. Flow Traders U.S. LLC owned about 0.09% of SPDR Gold Shares worth $92,916,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GLD. Kilter Group LLC bought a new position in SPDR Gold Shares during the second 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. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID grew its stake 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 worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $386.44 on Friday. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30. The firm has a market cap of $139.85 billion, a PE ratio of -32.43 and a beta of 0.09. The firm has a 50 day simple moving average of $374.98 and a 200 day simple moving average of $335.41.

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).