Virtue Capital Management LLC Raises Stake in SPDR Gold Shares $GLD

Virtue Capital Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,546 shares of the exchange traded fund’s stock after buying an additional 1,601 shares during the period. SPDR Gold Shares comprises about 1.5% of Virtue Capital Management LLC’s holdings, making the stock its 14th biggest position. Virtue Capital Management LLC’s holdings in SPDR Gold Shares were worth $8,092,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at approximately $34,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares in the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its holdings 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 valued at $39,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. bought a new position in SPDR Gold Shares during the second quarter valued at $43,000. Finally, Decker Retirement Planning Inc. increased its position in SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 122 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $383.12 on Friday. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The stock’s fifty day moving average price is $369.79 and its two-hundred day moving average price is $331.63. The firm has a market cap of $138.65 billion, a PE ratio of -32.43 and a beta of 0.09.

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).