Delta Investment Management LLC Acquires 108 Shares of SPDR Gold Shares $GLD

Delta Investment Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,552 shares of the exchange traded fund’s stock after purchasing an additional 108 shares during the period. Delta Investment Management LLC’s holdings in SPDR Gold Shares were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of GLD. Principal Securities Inc. boosted its holdings in shares of SPDR Gold Shares by 0.3% in the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after acquiring an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR Gold Shares by 6.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after acquiring an additional 35 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares during the last quarter. FourThought Financial Partners LLC raised its stake in shares of SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 35 shares in the last quarter. Finally, Stewardship Advisors LLC lifted its stake in SPDR Gold Shares by 2.6% in the first quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 36 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $312.08 on Wednesday. SPDR Gold Shares has a 1 year low of $228.52 and a 1 year high of $317.63. The stock’s 50 day simple moving average is $308.28 and its 200 day simple moving average is $296.65. The firm has a market cap of $104.05 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).