IHT Wealth Management LLC Has $14.71 Million Holdings in SPDR Gold Shares $GLD

IHT Wealth Management LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,242 shares of the exchange traded fund’s stock after selling 3,494 shares during the period. IHT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $14,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GLD. Traub Capital Management LLC bought a new stake in SPDR Gold Shares in the second quarter valued at approximately $34,000. Kilter Group LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its position in shares of SPDR Gold Shares by 51.1% in the 1st 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. First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $43,000. Finally, Decker Retirement Planning Inc. lifted its holdings in SPDR Gold Shares by 358.8% during the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 122 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.6%

NYSEARCA:GLD opened at $395.44 on Friday. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The stock has a 50-day moving average price of $378.47 and a two-hundred day moving average price of $338.31. The stock has a market cap of $143.11 billion, a price-to-earnings 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).