D.B. Root & Company LLC Buys 644 Shares of SPDR Gold Shares $GLD

D.B. Root & Company LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the second quarter, HoldingsChannel.com reports. The fund owned 11,507 shares of the exchange traded fund’s stock after acquiring an additional 644 shares during the quarter. SPDR Gold Shares accounts for approximately 1.0% of D.B. Root & Company LLC’s portfolio, making the stock its 22nd largest position. D.B. Root & Company LLC’s holdings in SPDR Gold Shares were worth $3,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC lifted its stake in SPDR Gold Shares by 4.0% in the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares during the last quarter. American National Bank & Trust lifted its stake in SPDR Gold Shares by 52.4% in the second 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 during the last quarter. Marmo Financial Group LLC bought a new stake in SPDR Gold Shares in the first quarter worth $218,000. StrongBox Wealth LLC lifted its stake in SPDR Gold Shares by 10.1% in the second 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 during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in SPDR Gold Shares in the first quarter worth $217,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8%

SPDR Gold Shares stock opened at $357.64 on Monday. The company has a market capitalization of $127.25 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a fifty day simple moving average of $324.54 and a two-hundred day simple moving average of $309.90. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $358.67.

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).