SPDR Gold Shares $GLD Stock Position Raised by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,577 shares of the exchange traded fund’s stock after acquiring an additional 5,216 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in SPDR Gold Shares were worth $8,406,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $30,000. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares during the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID increased its position in 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 buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares in the 1st quarter worth approximately $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $364.38 on Tuesday. The firm has a market cap of $129.65 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm has a fifty day moving average price of $325.72 and a two-hundred day moving average price of $310.51. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $365.30.

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).