PBMares Wealth Management LLC Boosts Holdings in SPDR Gold Shares $GLD

PBMares Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,574 shares of the exchange traded fund’s stock after acquiring an additional 154 shares during the period. PBMares Wealth Management LLC’s holdings in SPDR Gold Shares were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 388 shares in the last quarter. American National Bank & Trust lifted its position in SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares in the last quarter. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $218,000. StrongBox Wealth LLC lifted its position in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $217,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $355.47 on Wednesday. The stock’s 50 day moving average price is $321.77 and its 200 day moving average price is $308.10. The firm has a market capitalization of $118.51 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $355.57.

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).