Three Bridge Wealth Advisors LLC Purchases 6,550 Shares of SPDR Gold Shares $GLD

Three Bridge Wealth Advisors LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,157 shares of the exchange traded fund’s stock after buying an additional 6,550 shares during the quarter. SPDR Gold Shares makes up about 3.1% of Three Bridge Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Three Bridge Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $11,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the 1st quarter valued at $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID increased 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 valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.8%

Shares of NYSEARCA:GLD opened at $357.64 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $358.67. The company’s 50-day moving average price is $324.54 and its two-hundred day moving average price is $309.70. The firm has a market cap of $126.50 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).