Omnia Family Wealth LLC Has $22.19 Million Holdings in SPDR Gold Shares $GLD

Omnia Family Wealth LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,434 shares of the exchange traded fund’s stock after acquiring an additional 1,614 shares during the period. SPDR Gold Shares makes up about 7.2% of Omnia Family Wealth LLC’s holdings, making the stock its 2nd biggest position. Omnia Family Wealth LLC’s holdings in SPDR Gold Shares were worth $22,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Hopwood Financial Services Inc. bought a new stake in SPDR Gold Shares during the third quarter valued at $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares during the third quarter valued at $31,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $34,000. Finally, Kilter Group LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth about $34,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 2.5%

NYSEARCA:GLD opened at $462.62 on Friday. The stock has a market cap of $175.84 billion, a P/E ratio of -32.43 and a beta of 0.09. The business’s 50-day moving average price is $425.87 and its two-hundred day moving average price is $376.31. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70.

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About SPDR Gold Shares

(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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