Spire Wealth Management Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Spire Wealth Management grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 139.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,283 shares of the exchange traded fund’s stock after acquiring an additional 14,154 shares during the quarter. Spire Wealth Management’s holdings in SPDR Gold Shares were worth $6,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in SPDR Gold Shares in the 4th quarter valued at $26,000. HWG Holdings LP acquired a new stake in SPDR Gold Shares during the 1st quarter worth $53,000. American National Bank & Trust boosted its stake in SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $55,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.6%

Shares of NYSEARCA GLD opened at $306.19 on Wednesday. The firm has a 50-day simple moving average of $306.40 and a 200-day simple moving average of $278.12. The stock has a market capitalization of $100.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63.

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).