Oak Grove Capital LLC Takes Position in SPDR Gold Shares $GLD

Oak Grove Capital LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,550 shares of the exchange traded fund’s stock, valued at approximately $472,000.

Other hedge funds have also made changes to their positions in the company. American National Bank & Trust increased its position in shares of 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 worth $89,000 after purchasing an additional 100 shares in the last quarter. StrongBox Wealth LLC increased its position in shares of 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 purchasing an additional 136 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of SPDR Gold Shares by 14.6% during 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 in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of SPDR Gold Shares by 6.5% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its position in shares of SPDR Gold Shares by 151.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 835 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3%

Shares of SPDR Gold Shares stock opened at $377.52 on Monday. The stock has a market capitalization of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50-day simple moving average of $345.72 and a 200 day simple moving average of $320.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).