GK Wealth Management LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,125 shares of the exchange traded fund’s stock after purchasing an additional 207 shares during the period. GK Wealth Management LLC’s holdings in SPDR Gold Shares were worth $324,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $34,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares in the first quarter valued at about $53,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.4%
NYSEARCA GLD opened at $335.26 on Thursday. The stock has a 50-day simple moving average of $312.17 and a 200 day simple moving average of $300.74. The company has a market capitalization of $111.78 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $231.09 and a 12 month high of $338.31.
About SPDR Gold Shares
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).
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