Lam Group Inc. Boosts Holdings in SPDR Gold Shares $GLD

Lam Group Inc. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,890 shares of the exchange traded fund’s stock after acquiring an additional 110 shares during the quarter. Lam Group Inc.’s holdings in SPDR Gold Shares were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC increased its holdings in SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after acquiring an additional 388 shares in the last quarter. Marmo Financial Group LLC purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $218,000. Lloyd Advisory Services LLC. purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $217,000. Horizon Wealth Management LLC increased its holdings in SPDR Gold Shares by 61.6% during the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after acquiring an additional 31,514 shares in the last quarter. Finally, Lake Hills Wealth Management LLC increased its holdings in SPDR Gold Shares by 69.5% during the 1st quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock valued at $10,339,000 after acquiring an additional 14,717 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2%

NYSEARCA:GLD opened at $335.42 on Friday. The firm has a 50-day moving average price of $313.29 and a two-hundred day moving average price of $301.86. SPDR Gold Shares has a twelve month low of $235.30 and a twelve month high of $338.31. The company has a market capitalization of $111.83 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).