Total Wealth Planning & Management Inc. Acquires Shares of 3,262 SPDR Gold Shares $GLD

Total Wealth Planning & Management Inc. acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,262 shares of the exchange traded fund’s stock, valued at approximately $1,293,000. SPDR Gold Shares makes up about 1.0% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 19th biggest position.

A number of other hedge funds also recently bought and sold shares of GLD. Brighton Jones LLC increased its holdings in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC increased its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $16,014,000. Schnieders Capital Management LLC. increased its holdings in shares of SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $337,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $411.27 on Friday. The company has a market capitalization of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The business’s 50-day moving average is $425.14 and its 200-day moving average is $427.44.

SPDR Gold Shares News Roundup

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About SPDR Gold Shares

(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.

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

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