Gunderson Capital Management Inc. Has $10.51 Million Holdings in SPDR Gold Shares $GLD

Gunderson Capital Management Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,556 shares of the exchange traded fund’s stock after acquiring an additional 2,744 shares during the period. SPDR Gold Shares comprises about 3.9% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Gunderson Capital Management Inc.’s holdings in SPDR Gold Shares were worth $10,506,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Traub Capital Management LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Kilter Group LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at $34,000. First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares in the second quarter valued at $43,000. Finally, Decker Retirement Planning Inc. grew its position in SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $413.18 on Wednesday. The firm has a market capitalization of $154.82 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average price of $387.40 and a two-hundred day moving average price of $350.07. SPDR Gold Shares has a 52-week low of $243.81 and a 52-week high of $418.45.

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SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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