ZWJ Investment Counsel Inc. Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

ZWJ Investment Counsel Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,773 shares of the exchange traded fund’s stock after buying an additional 78 shares during the period. ZWJ Investment Counsel Inc.’s holdings in SPDR Gold Shares were worth $511,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GLD. Clark Asset Management LLC lifted its position in shares of SPDR Gold Shares by 46.7% in the first quarter. Clark Asset Management LLC now owns 2,329 shares of the exchange traded fund’s stock valued at $671,000 after acquiring an additional 741 shares in the last quarter. Smart Money Group LLC lifted its holdings in SPDR Gold Shares by 31.1% in the 1st quarter. Smart Money Group LLC now owns 18,918 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 4,485 shares in the last quarter. Lodestone Wealth Management LLC boosted its stake in SPDR Gold Shares by 1.2% in the 1st quarter. Lodestone Wealth Management LLC now owns 3,336 shares of the exchange traded fund’s stock worth $961,000 after purchasing an additional 41 shares during the period. Latitude Advisors LLC grew its holdings in SPDR Gold Shares by 23.9% during the 1st quarter. Latitude Advisors LLC now owns 19,305 shares of the exchange traded fund’s stock valued at $5,562,000 after buying an additional 3,721 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC grew its holdings in SPDR Gold Shares by 64.6% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 24,645 shares of the exchange traded fund’s stock valued at $7,101,000 after buying an additional 9,668 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $309.25 on Thursday. SPDR Gold Shares has a one year low of $217.27 and a one year high of $317.63. The company’s fifty day moving average price is $306.13 and its 200-day moving average price is $280.34. The company has a market capitalization of $103.10 billion, a PE ratio of -32.43 and a beta of 0.15.

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).