WealthCare Asset Management LLC Acquires New Shares in SPDR Gold Shares $GLD

WealthCare Asset Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,579 shares of the exchange traded fund’s stock, valued at approximately $12,119,000. SPDR Gold Shares makes up 8.1% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds have also recently bought and sold shares of GLD. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Timmons Wealth Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Finally, Eukles Asset Management purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $27,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $397.63 on Wednesday. The stock has a fifty day moving average of $420.20 and a two-hundred day moving average of $428.23. The company has a market capitalization of $144.62 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70.

SPDR Gold Shares Company Profile

(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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