Measured Wealth Private Client Group LLC Reduces Position in SPDR Gold Shares $GLD

Measured Wealth Private Client Group LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,324 shares of the exchange traded fund’s stock after selling 1,916 shares during the quarter. SPDR Gold Shares comprises 5.9% of Measured Wealth Private Client Group LLC’s portfolio, making the stock its 4th largest holding. Measured Wealth Private Client Group LLC’s holdings in SPDR Gold Shares were worth $19,608,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GLD. Quadrature Capital Ltd acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $99,996,000. Virtue Capital Management LLC grew its position in SPDR Gold Shares by 6.4% in the second quarter. Virtue Capital Management LLC now owns 26,546 shares of the exchange traded fund’s stock worth $8,092,000 after buying an additional 1,601 shares during the last quarter. Laidlaw Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $212,000. Level Four Advisory Services LLC boosted its stake in shares of SPDR Gold Shares by 5.7% during the 2nd quarter. Level Four Advisory Services LLC now owns 61,905 shares of the exchange traded fund’s stock worth $18,871,000 after acquiring an additional 3,339 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR Gold Shares by 9.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 440,634 shares of the exchange traded fund’s stock worth $134,319,000 after acquiring an additional 36,933 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.8%

Shares of SPDR Gold Shares stock opened at $383.12 on Friday. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30. The firm has a market capitalization of $138.65 billion, a PE ratio of -32.43 and a beta of 0.09. The stock’s fifty day moving average is $369.79 and its 200-day moving average is $331.63.

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).