Liberty Wealth Management LLC Has $465,000 Stake in SPDR Gold Shares $GLD

Liberty Wealth Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,526 shares of the exchange traded fund’s stock after buying an additional 122 shares during the quarter. Liberty Wealth Management LLC’s holdings in SPDR Gold Shares were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.3%

Shares of NYSEARCA GLD opened at $377.52 on Monday. The firm has a market cap of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a fifty day simple moving average of $345.72 and a two-hundred day simple moving average of $320.15. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30.

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).