Coordinated Financial Services Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,821 shares of the exchange traded fund’s stock, valued at approximately $2,994,000. SPDR Gold Shares comprises about 2.1% of Coordinated Financial Services Inc.’s holdings, making the stock its 4th biggest position.
A number of other hedge funds have also bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the 1st quarter worth about $30,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth about $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% in the 1st 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 purchased a new position in SPDR Gold Shares in the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $365.43 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57. The business has a 50-day simple moving average of $329.60 and a two-hundred day simple moving average of $311.92. The firm has a market cap of $129.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.
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).
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