Creative Planning Purchases 2,876 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Creative Planning boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,421 shares of the exchange traded fund’s stock after purchasing an additional 2,876 shares during the quarter. Creative Planning’s holdings in SPDR Gold Shares were worth $37,717,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GLD. Ballast Inc. boosted its stake in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 45 shares during the period. Burkett Financial Services LLC boosted its holdings in shares of SPDR Gold Shares by 9.9% in the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. CCG Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 1.2% during the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 46 shares during the last quarter. Apollon Financial LLC lifted its holdings in SPDR Gold Shares by 1.7% in the second quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock valued at $604,000 after acquiring an additional 47 shares during the period. Finally, Breakwater Investment Management boosted its stake in shares of SPDR Gold Shares by 2.8% during the 2nd quarter. Breakwater Investment Management now owns 1,734 shares of the exchange traded fund’s stock worth $373,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

Shares of GLD stock opened at $245.02 on Monday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $247.37. The stock has a 50 day simple moving average of $230.90 and a 200-day simple moving average of $220.72.

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).