Investors Research Corp Has $371,000 Stock Position in SPDR Gold Shares $GLD

Investors Research Corp raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 36.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,216 shares of the exchange traded fund’s stock after acquiring an additional 323 shares during the quarter. Investors Research Corp’s holdings in SPDR Gold Shares were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID grew its holdings in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new position in SPDR Gold Shares during the 1st quarter worth $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $335.42 on Friday. The stock has a fifty day moving average of $313.29 and a 200-day moving average of $301.86. The company has a market capitalization of $111.83 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $338.31.

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).