Sax Wealth Advisors LLC Purchases 293 Shares of SPDR Gold Shares $GLD

Sax Wealth Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 9.1% in the 2nd quarter, Holdings Channel reports. The firm owned 3,497 shares of the exchange traded fund’s stock after buying an additional 293 shares during the period. Sax Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,066,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GLD. Cornerstone Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after acquiring an additional 388 shares during the period. American National Bank & Trust increased its holdings 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 purchasing an additional 100 shares in the last quarter. Marmo Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $218,000. StrongBox Wealth LLC grew its holdings in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after buying an additional 6,540 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $372.30 on Thursday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $373.57. The stock’s 50 day moving average price is $328.35 and its two-hundred day moving average price is $311.32. The stock has a market capitalization of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).