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

Valmark Advisers Inc. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 130.4% during the second quarter, Holdings Channel reports. The fund owned 12,929 shares of the exchange traded fund’s stock after acquiring an additional 7,317 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Gold Shares were worth $3,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. DAVENPORT & Co LLC lifted its position in SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after purchasing an additional 896,836 shares during the period. 59 North Capital Management LP lifted its position in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $120,429,000. Finally, Raymond James Financial Inc. lifted its position in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6%

SPDR Gold Shares stock opened at $372.30 on Thursday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $373.57. The company has a market cap of $132.46 billion, a PE ratio of -32.43 and a beta of 0.15. The company’s 50-day moving average is $328.35 and its two-hundred day moving average is $311.32.

About SPDR Gold Shares

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).