Pines Wealth Management LLC Purchases 1,254 Shares of SPDR Gold Shares $GLD

Pines Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 55.2% during the second quarter, HoldingsChannel reports. The firm owned 3,525 shares of the exchange traded fund’s stock after purchasing an additional 1,254 shares during the period. Pines Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of SPDR Gold Shares by 20.2% in the 4th quarter. Deutsche Bank AG now owns 12,339 shares of the exchange traded fund’s stock worth $2,988,000 after acquiring an additional 2,075 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of SPDR Gold Shares by 57.8% in the 4th quarter. Quantinno Capital Management LP now owns 7,776 shares of the exchange traded fund’s stock worth $1,883,000 after acquiring an additional 2,848 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $18,529,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2%

Shares of NYSEARCA:GLD opened at $339.59 on Wednesday. The stock has a market cap of $113.22 billion, a PE ratio of -32.43 and a beta of 0.15. The company’s fifty day moving average is $314.63 and its 200 day moving average is $302.91. SPDR Gold Shares has a 52 week low of $235.30 and a 52 week high of $340.88.

SPDR Gold Shares 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).