AAF Wealth Management LLC Has $10.59 Million Holdings in SPDR Gold Shares $GLD

AAF Wealth Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 32.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,724 shares of the exchange traded fund’s stock after buying an additional 8,456 shares during the period. SPDR Gold Shares accounts for 4.8% of AAF Wealth Management LLC’s holdings, making the stock its 8th largest holding. AAF Wealth Management LLC’s holdings in SPDR Gold Shares were worth $10,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GLD. Principal Securities Inc. boosted its holdings in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after acquiring an additional 33 shares in the last quarter. TPG Advisors LLC boosted its stake in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 33 shares in the last quarter. Mather Group LLC. grew its holdings in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after buying an additional 35 shares during the period. Finally, FourThought Financial Partners LLC raised its holdings in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 35 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $368.12 on Monday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The company has a market cap of $133.22 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50 day simple moving average is $351.61 and its 200 day simple moving average is $322.80.

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).