Members Advisory Group LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Members Advisory Group LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 16,287 shares of the exchange traded fund’s stock after purchasing an additional 3,065 shares during the quarter. SPDR Gold Shares comprises approximately 2.0% of Members Advisory Group LLC’s portfolio, making the stock its 16th biggest position. Members Advisory Group LLC’s holdings in SPDR Gold Shares were worth $4,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Auxano Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 9.6% during the 1st quarter. Auxano Advisors LLC now owns 1,940 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 170 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares by 11.8% during the 1st quarter. Diversify Advisory Services LLC now owns 267,648 shares of the exchange traded fund’s stock valued at $81,916,000 after purchasing an additional 28,293 shares during the last quarter. Gradient Capital Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 56.7% during the 1st quarter. Gradient Capital Advisors LLC now owns 9,001 shares of the exchange traded fund’s stock valued at $2,594,000 after purchasing an additional 3,258 shares during the last quarter. Alexander Labrunerie & CO. Inc. lifted its holdings in shares of SPDR Gold Shares by 7.2% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,481 shares of the exchange traded fund’s stock valued at $427,000 after purchasing an additional 99 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its stake in SPDR Gold Shares by 5.2% in the 1st quarter. Independent Wealth Network Inc. now owns 10,518 shares of the exchange traded fund’s stock worth $3,031,000 after acquiring an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $308.39 on Friday. The firm has a market capitalization of $101.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business has a fifty day moving average of $306.41 and a 200 day moving average of $285.75. SPDR Gold Shares has a 1 year low of $217.52 and a 1 year high of $317.63.

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).