Armstrong Advisory Group Inc. Has $53.82 Million Stock Position in SPDR Gold Shares $GLD

Armstrong Advisory Group Inc. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,396 shares of the exchange traded fund’s stock after acquiring an additional 3,395 shares during the quarter. SPDR Gold Shares comprises about 3.8% of Armstrong Advisory Group Inc.’s investment portfolio, making the stock its 7th biggest position. Armstrong Advisory Group Inc.’s holdings in SPDR Gold Shares were worth $53,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $26,000. Traub Capital Management LLC bought a new position in SPDR Gold Shares in the 2nd quarter valued at $34,000. Kilter Group LLC purchased a new stake in SPDR Gold Shares in the second quarter worth $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares in the second quarter worth about $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $399.29 on Thursday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The company has a market capitalization of $144.50 billion, a PE ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average price of $380.23 and a 200-day moving average price of $340.49.

SPDR Gold Shares 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).