SPDR Gold Shares $GLD Shares Purchased by GeoWealth Management LLC

GeoWealth Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 725.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,665 shares of the exchange traded fund’s stock after acquiring an additional 11,131 shares during the quarter. GeoWealth Management LLC’s holdings in SPDR Gold Shares were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GLD. American National Bank & Trust boosted its position in SPDR Gold Shares by 52.4% during the second 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 during the last quarter. StrongBox Wealth LLC lifted its stake in shares of 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 purchasing an additional 136 shares during the period. Beaumont Financial Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of SPDR Gold Shares by 14.6% in the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after purchasing an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in SPDR Gold Shares by 151.5% in the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 835 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1%

NYSEARCA GLD opened at $387.13 on Friday. The business’s 50-day moving average price is $374.19 and its 200 day moving average price is $334.79. SPDR Gold Shares has a twelve month low of $238.73 and a twelve month high of $403.30. The company has a market capitalization of $140.10 billion, a PE ratio of -32.43 and a beta of 0.09.

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).