Granite Bay Wealth Management LLC Purchases 5,858 Shares of SPDR Gold Shares $GLD

Granite Bay Wealth Management LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 55.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,423 shares of the exchange traded fund’s stock after purchasing an additional 5,858 shares during the quarter. SPDR Gold Shares accounts for 1.6% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $5,006,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares during the first quarter worth about $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID raised its stake in shares of 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 worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2%

Shares of SPDR Gold Shares stock opened at $335.42 on Monday. The company has a market capitalization of $111.83 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a fifty day simple moving average of $313.29 and a 200 day simple moving average of $302.12. SPDR Gold Shares has a 12-month low of $235.30 and a 12-month high of $338.31.

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).