CCG Wealth Management LLC Raises Holdings in SPDR Gold Shares (NYSEARCA:GLD)

CCG Wealth Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 281.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,850 shares of the exchange traded fund’s stock after purchasing an additional 2,842 shares during the quarter. SPDR Gold Shares makes up 0.7% of CCG Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. CCG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Appleton Partners Inc. MA increased its holdings in SPDR Gold Shares by 2.8% during the 1st quarter. Appleton Partners Inc. MA now owns 2,864 shares of the exchange traded fund’s stock worth $825,000 after purchasing an additional 78 shares during the period. Cabot Wealth Management Inc. increased its holdings in SPDR Gold Shares by 0.6% during the 1st quarter. Cabot Wealth Management Inc. now owns 17,895 shares of the exchange traded fund’s stock worth $5,156,000 after purchasing an additional 98 shares during the period. PFG Investments LLC increased its holdings in SPDR Gold Shares by 19.7% during the 1st quarter. PFG Investments LLC now owns 28,780 shares of the exchange traded fund’s stock worth $8,293,000 after purchasing an additional 4,745 shares during the period. Carret Asset Management LLC boosted its position in shares of SPDR Gold Shares by 9.2% during the 1st quarter. Carret Asset Management LLC now owns 4,433 shares of the exchange traded fund’s stock worth $1,277,000 after acquiring an additional 375 shares in the last quarter. Finally, Carr Financial Group Corp boosted its position in shares of SPDR Gold Shares by 19.2% during the 1st quarter. Carr Financial Group Corp now owns 18,631 shares of the exchange traded fund’s stock worth $5,368,000 after acquiring an additional 3,002 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $310.13 on Friday. The stock has a 50-day simple moving average of $305.94 and a 200-day simple moving average of $276.98. The stock has a market cap of $101.41 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63.

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).