SPDR Gold Shares $GLD Shares Acquired by Grimes & Company Inc.

Grimes & Company Inc. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 17.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,932 shares of the exchange traded fund’s stock after purchasing an additional 745 shares during the period. Grimes & Company Inc.’s holdings in SPDR Gold Shares were worth $1,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares in the last quarter. American National Bank & Trust boosted its stake in SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after acquiring an additional 100 shares during the last quarter. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth $218,000. StrongBox Wealth LLC grew its holdings in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after purchasing an additional 6,540 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $364.38 on Tuesday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $365.30. The firm’s 50-day simple moving average is $325.72 and its 200-day simple moving average is $310.51. The firm has a market cap of $129.65 billion, a PE 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).