Wolff Wiese Magana LLC Has $1.18 Million Stake in SPDR Gold Shares $GLD

Wolff Wiese Magana LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 223.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,317 shares of the exchange traded fund’s stock after purchasing an additional 2,291 shares during the period. Wolff Wiese Magana LLC’s holdings in SPDR Gold Shares were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $31,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at about $34,000. Kilter Group LLC acquired a new position in SPDR Gold Shares during the second quarter valued at approximately $34,000. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the second quarter valued at approximately $43,000. Institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 0.6%

NYSEARCA:GLD opened at $423.33 on Friday. SPDR Gold Shares has a twelve month low of $249.15 and a twelve month high of $426.86. The firm has a market capitalization of $157.52 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average price is $394.67 and its two-hundred day moving average price is $354.91.

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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