Ascent Group LLC Increases Position in SPDR Gold Shares $GLD

Ascent Group LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 117.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,001 shares of the exchange traded fund’s stock after purchasing an additional 59,877 shares during the quarter. SPDR Gold Shares accounts for approximately 1.3% of Ascent Group LLC’s portfolio, making the stock its 16th largest position. Ascent Group LLC’s holdings in SPDR Gold Shares were worth $33,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the first quarter valued at approximately $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $34,000. Legacy Wealth Managment LLC ID increased its position in shares of SPDR Gold Shares by 51.1% during the first 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 purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.8%

SPDR Gold Shares stock opened at $357.64 on Friday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $358.67. The stock’s fifty day simple moving average is $324.54 and its 200-day simple moving average is $309.50. The firm has a market capitalization of $126.50 billion, a P/E 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).