American Institute for Advanced Investment Management LLP Grows Position in SPDR Gold Shares $GLD

American Institute for Advanced Investment Management LLP lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,249 shares of the exchange traded fund’s stock after purchasing an additional 366 shares during the quarter. SPDR Gold Shares comprises approximately 1.1% of American Institute for Advanced Investment Management LLP’s investment portfolio, making the stock its 24th biggest position. American Institute for Advanced Investment Management LLP’s holdings in SPDR Gold Shares were worth $1,582,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GLD. Principal Securities Inc. boosted 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 acquiring an additional 33 shares during the period. TPG Advisors LLC boosted its holdings in SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 33 shares during the period. Mather Group LLC. boosted 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 acquiring an additional 34 shares during the period. Pinnacle Associates Ltd. boosted 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 acquiring an additional 35 shares during the period. Finally, FourThought Financial Partners LLC boosted 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 acquiring an additional 35 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $368.12 on Friday. The business has a 50-day moving average of $351.61 and a 200 day moving average of $322.69. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $403.30. The stock has a market capitalization of $133.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).