Dorsey & Whitney Trust CO LLC Increases Stock Position in SPDR Gold Shares $GLD

Dorsey & Whitney Trust CO LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 75.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,637 shares of the exchange traded fund’s stock after buying an additional 1,132 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in SPDR Gold Shares were worth $804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the first quarter worth $30,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. increased its position in shares of SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $374.35 on Wednesday. The company has a market capitalization of $135.48 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a 50 day moving average of $363.91 and a 200 day moving average of $328.51. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30.

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).