Wealthquest Corp Has $234,000 Stock Position in SPDR Gold Shares $GLD

Wealthquest Corp lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 30.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 766 shares of the exchange traded fund’s stock after selling 333 shares during the quarter. Wealthquest Corp’s holdings in SPDR Gold Shares were worth $234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. TPG Advisors LLC raised its position in SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 33 shares in the last quarter. Tsfg LLC increased its stake in shares of SPDR Gold Shares by 0.9% during the 2nd quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock worth $1,104,000 after purchasing an additional 33 shares during the last quarter. Seeds Investor LLC raised its holdings in shares of SPDR Gold Shares by 3.5% in the 2nd quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 33 shares during the period. Mather Group LLC. raised its holdings in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 34 shares during the period. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in SPDR Gold Shares by 8.5% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 432 shares of the exchange traded fund’s stock valued at $132,000 after purchasing an additional 34 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $387.88 on Friday. The stock has a 50-day simple moving average of $370.76 and a 200 day simple moving average of $332.25. The stock has a market capitalization of $140.37 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $238.73 and a 52 week 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).