Grant Street Asset Management Inc. Purchases Shares of 1,020 SPDR Gold Shares $GLD

Grant Street Asset Management Inc. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,020 shares of the exchange traded fund’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. increased its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 33 shares during the period. TPG Advisors LLC increased its holdings in SPDR Gold Shares by 2.6% in 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 during the period. Mather Group LLC. increased its position in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 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 worth $3,389,000 after purchasing an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC increased its position in shares of SPDR Gold Shares by 3.5% during 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 in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4%

Shares of SPDR Gold Shares stock opened at $363.00 on Thursday. The stock has a market capitalization of $133.44 billion, a P/E ratio of -32.43 and a beta of 0.09. The company has a 50-day simple moving average of $349.20 and a 200 day simple moving average of $321.68. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).