Black Diamond Financial LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Black Diamond Financial LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 722.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,189 shares of the exchange traded fund’s stock after buying an additional 13,342 shares during the period. Black Diamond Financial LLC’s holdings in SPDR Gold Shares were worth $3,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ballast Inc. grew its position in shares of 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 purchasing an additional 45 shares in the last quarter. Burkett Financial Services LLC grew its holdings in SPDR Gold Shares by 9.9% during the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 46 shares in the last quarter. CCG Wealth Management LLC grew its holdings in 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 in the last quarter. Apollon Financial LLC raised its position in shares of SPDR Gold Shares by 1.7% during the second quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock valued at $604,000 after buying an additional 47 shares during the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in shares of SPDR Gold Shares by 2.2% in the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after buying an additional 48 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0 %

GLD opened at $238.68 on Monday. The company has a fifty day moving average of $227.10 and a 200 day moving average of $217.61. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $238.98.

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).