LifeGuide Financial Advisors LLC Increases Holdings in SPDR Gold Shares $GLD

LifeGuide Financial Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,127 shares of the exchange traded fund’s stock after buying an additional 105 shares during the quarter. SPDR Gold Shares accounts for approximately 0.2% of LifeGuide Financial Advisors LLC’s holdings, making the stock its 28th biggest holding. LifeGuide Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $648,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its holdings in SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the last quarter. Mather Group LLC. grew its holdings in 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 valued at $593,000 after purchasing an additional 34 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 35 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in 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 grew its holdings in 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 valued at $299,000 after purchasing an additional 35 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.6%

Shares of NYSEARCA:GLD opened at $352.46 on Tuesday. The company has a market capitalization of $117.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $352.83. The firm’s 50-day moving average is $320.98 and its 200 day moving average is $307.77.

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).