VestGen Advisors LLC Raises Stake in SPDR Gold Shares $GLD

VestGen Advisors LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,207 shares of the exchange traded fund’s stock after purchasing an additional 1,031 shares during the quarter. VestGen Advisors LLC’s holdings in SPDR Gold Shares were worth $7,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Financial Freedom LLC increased its position in shares of SPDR Gold Shares by 17.9% in the second quarter. Financial Freedom LLC now owns 1,072 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 163 shares in the last quarter. Mackenzie Financial Corp boosted its position in SPDR Gold Shares by 13.1% during the 2nd quarter. Mackenzie Financial Corp now owns 132,765 shares of the exchange traded fund’s stock worth $40,471,000 after purchasing an additional 15,365 shares during the period. Loomis Sayles & Co. L P acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at $2,515,000. Colonial Trust Advisors increased its holdings in SPDR Gold Shares by 12.8% in the 2nd quarter. Colonial Trust Advisors now owns 18,335 shares of the exchange traded fund’s stock valued at $5,589,000 after purchasing an additional 2,075 shares in the last quarter. Finally, F m Investments LLC raised its position in SPDR Gold Shares by 13.6% in the second quarter. F m Investments LLC now owns 1,083 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 130 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $387.88 on Friday. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30. The company has a market capitalization of $140.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average of $370.76 and a 200-day moving average of $332.48.

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).