SPDR Gold Shares $GLD is Mader & Shannon Wealth Management Inc.’s 2nd Largest Position

Mader & Shannon Wealth Management Inc. reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,711 shares of the exchange traded fund’s stock after selling 25,209 shares during the period. SPDR Gold Shares makes up approximately 13.6% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 2nd largest position. Mader & Shannon Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $24,908,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares during the first quarter worth about $30,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, Abound Financial LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $56,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.4%

Shares of SPDR Gold Shares stock opened at $378.79 on Friday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The stock has a market cap of $136.89 billion, a PE ratio of -32.43 and a beta of 0.15. The company has a 50-day moving average of $344.32 and a two-hundred day moving average of $318.90.

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).