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

Black Diamond Financial LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 722.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,189 shares of the exchange traded fund’s stock after purchasing an additional 13,342 shares during the quarter. Black Diamond Financial LLC’s holdings in SPDR Gold Shares were worth $3,266,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ballast Inc. raised its holdings in shares of SPDR Gold Shares by 3.6% in 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 grew its position in 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 increased its stake in SPDR Gold Shares by 1.2% in the second quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after purchasing an additional 46 shares during the period. Apollon Financial LLC lifted 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 worth $604,000 after purchasing an additional 47 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its stake in shares of SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock valued at $454,000 after purchasing an additional 48 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $238.68 on Monday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $238.98. The company’s 50-day moving average price is $227.10 and its 200-day moving average price is $217.61.

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).