WMG Financial Advisors LLC Raises Stake in SPDR Gold Shares $GLD

WMG Financial Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 54.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,090 shares of the exchange traded fund’s stock after acquiring an additional 3,923 shares during the period. SPDR Gold Shares comprises approximately 2.0% of WMG Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding. WMG Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $4,772,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GLD. WPG Advisers LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $25,000. Timmons Wealth Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth $26,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares in the 2nd quarter worth $26,000. Vestwell Advisors LLC bought a new stake in SPDR Gold Shares in the third quarter worth $27,000. Finally, Eukles Asset Management bought a new stake in SPDR Gold Shares in the fourth quarter worth $27,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Down 1.4%

NYSEARCA GLD opened at $368.58 on Tuesday. The company has a 50-day simple moving average of $409.64 and a two-hundred day simple moving average of $427.68. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70. The firm has a market cap of $134.05 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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