Wealth Management Nebraska Makes New $452,000 Investment in SPDR Gold Shares $GLD

Wealth Management Nebraska purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the exchange traded fund’s stock, valued at approximately $452,000.

Other large investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the 1st quarter worth $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID boosted its holdings in 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 acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in SPDR Gold Shares in the first quarter valued at $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.9%

Shares of SPDR Gold Shares stock opened at $364.38 on Tuesday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $365.30. The stock has a market capitalization of $129.65 billion, a P/E ratio of -32.43 and a beta of 0.15. The business’s fifty day moving average price is $325.72 and its 200 day moving average price is $310.51.

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).