Centricity Wealth Management LLC Has $3.41 Million Stock Position in SPDR Gold Shares $GLD

Centricity Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the second quarter, HoldingsChannel reports. The fund owned 11,179 shares of the exchange traded fund’s stock after acquiring an additional 360 shares during the period. SPDR Gold Shares accounts for approximately 2.7% of Centricity Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Centricity Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,408,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its position 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 approximately $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9%

NYSEARCA GLD opened at $355.47 on Wednesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $355.57. The company has a 50 day moving average of $321.77 and a 200-day moving average of $308.10. The company has a market cap of $118.51 billion, a price-to-earnings 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).