Diversified Portfolios Inc. Purchases Shares of 728 SPDR Gold Shares $GLD

Diversified Portfolios Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 728 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Several other hedge funds have also recently added to or reduced their stakes in GLD. TPG Advisors LLC raised its holdings in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 33 shares in the last quarter. Tsfg LLC lifted its holdings in shares of SPDR Gold Shares by 0.9% in the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after acquiring an additional 33 shares during the last quarter. Mather Group LLC. boosted its stake in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings 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. Finally, FourThought Financial Partners LLC raised its position in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7%

SPDR Gold Shares stock opened at $374.35 on Wednesday. The firm has a fifty day simple moving average of $363.91 and a two-hundred day simple moving average of $328.51. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30. The company has a market capitalization of $135.48 billion, a PE ratio of -32.43 and a beta of 0.09.

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).