Landmark Wealth Management Inc. Has $2.70 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Landmark Wealth Management Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,366 shares of the exchange traded fund’s stock after selling 1,158 shares during the quarter. SPDR Gold Shares accounts for about 1.3% of Landmark Wealth Management Inc.’s portfolio, making the stock its 16th biggest position. Landmark Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $2,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of GLD. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $401,829,000. Ameriprise Financial Inc. grew its position in shares of SPDR Gold Shares by 10.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after acquiring an additional 136,120 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after acquiring an additional 106,648 shares during the period. Stifel Financial Corp boosted its holdings in SPDR Gold Shares by 0.9% in the 4th quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after buying an additional 7,424 shares during the period. Finally, 59 North Capital Management LP raised its position in shares of SPDR Gold Shares by 116.1% during the 4th quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after buying an additional 384,840 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $316.10 on Wednesday. The firm’s 50 day simple moving average is $306.41 and its 200-day simple moving average is $286.34. SPDR Gold Shares has a one year low of $217.52 and a one year high of $317.63. The firm has a market cap of $104.53 billion, a PE ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares 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).