Armstrong Advisory Group Inc. Increases Stock Holdings in SPDR Gold Shares $GLD

Armstrong Advisory Group Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4,452.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,001 shares of the exchange traded fund’s stock after purchasing an additional 144,750 shares during the period. SPDR Gold Shares accounts for approximately 3.4% of Armstrong Advisory Group Inc.’s investment portfolio, making the stock its 8th biggest holding. Armstrong Advisory Group Inc.’s holdings in SPDR Gold Shares were worth $45,115,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares during the 1st quarter worth $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID increased its stake in SPDR Gold Shares by 51.1% during the 1st 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 period. Finally, HWG Holdings LP bought a new position in SPDR Gold Shares during the 1st quarter worth $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $339.18 on Monday. The stock’s fifty day moving average price is $316.45 and its two-hundred day moving average price is $304.59. The company has a market cap of $113.08 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $341.24.

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).