GM Advisory Group LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

GM Advisory Group LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,561 shares of the exchange traded fund’s stock after acquiring an additional 83 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR Gold Shares were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of SPDR Gold Shares by 2.1% in the second quarter. Brighton Jones LLC now owns 11,252 shares of the exchange traded fund’s stock valued at $2,419,000 after purchasing an additional 234 shares during the period. Bright Financial Advisors Inc. grew its stake in SPDR Gold Shares by 2.0% in the 2nd quarter. Bright Financial Advisors Inc. now owns 61,071 shares of the exchange traded fund’s stock valued at $13,131,000 after buying an additional 1,170 shares in the last quarter. XTX Topco Ltd raised its holdings in SPDR Gold Shares by 101.6% during the 2nd quarter. XTX Topco Ltd now owns 2,968 shares of the exchange traded fund’s stock valued at $638,000 after acquiring an additional 1,496 shares during the period. Concorde Asset Management LLC lifted its position in shares of SPDR Gold Shares by 24.2% during the second quarter. Concorde Asset Management LLC now owns 1,948 shares of the exchange traded fund’s stock worth $419,000 after acquiring an additional 379 shares in the last quarter. Finally, Mittelman Wealth Management bought a new position in shares of SPDR Gold Shares in the second quarter worth $316,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.5 %

Shares of NYSEARCA GLD opened at $239.14 on Friday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $240.29. The stock has a fifty day moving average of $228.53 and a 200-day moving average of $218.54.

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).