Taylor & Morgan Wealth Management LLC Acquires 6,163 Shares of SPDR Gold Shares $GLD

Taylor & Morgan Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 200.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,235 shares of the exchange traded fund’s stock after purchasing an additional 6,163 shares during the period. SPDR Gold Shares makes up about 2.1% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Taylor & Morgan Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings 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 valued at $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $16,014,000. Schnieders Capital Management LLC. increased its position in shares of SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. acquired a new position in SPDR Gold Shares in the second quarter valued at about $337,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Up 1.7%

GLD opened at $437.82 on Thursday. The stock has a market capitalization of $166.42 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $272.58 and a twelve month high of $509.70. The company has a 50-day simple moving average of $455.37 and a 200 day simple moving average of $408.38.

SPDR Gold Shares Company Profile

(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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