Valmark Advisers Inc. Acquires 7,317 Shares of SPDR Gold Shares $GLD

Valmark Advisers Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 130.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,929 shares of the exchange traded fund’s stock after buying an additional 7,317 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR Gold Shares were worth $3,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLD. Brighton Jones LLC increased its holdings in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of SPDR Gold Shares by 12.3% in the 1st quarter. Pallas Capital Advisors LLC now owns 3,471 shares of the exchange traded fund’s stock worth $1,000,000 after purchasing an additional 379 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $288,000. Finally, GAMMA Investing LLC grew its holdings in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $372.30 on Thursday. The firm’s 50-day simple moving average is $328.35 and its 200-day simple moving average is $311.32. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $373.57. The firm has a market cap of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares 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).