SPDR Gold Shares $GLD Shares Purchased by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 147.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,365 shares of the exchange traded fund’s stock after purchasing an additional 7,376 shares during the period. GC Wealth Management RIA LLC’s holdings in SPDR Gold Shares were worth $3,769,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. raised its stake in shares of SPDR Gold Shares by 6.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,937 shares of the exchange traded fund’s stock valued at $590,000 after acquiring an additional 114 shares in the last quarter. Capital Insight Partners LLC raised its stake in SPDR Gold Shares by 8.8% during the 2nd quarter. Capital Insight Partners LLC now owns 2,061 shares of the exchange traded fund’s stock worth $628,000 after acquiring an additional 167 shares in the last quarter. First County Bank CT increased its position in shares of SPDR Gold Shares by 5.7% during the second quarter. First County Bank CT now owns 740 shares of the exchange traded fund’s stock worth $226,000 after purchasing an additional 40 shares in the last quarter. Global Trust Asset Management LLC increased its position in SPDR Gold Shares by 11.4% during the second quarter. Global Trust Asset Management LLC now owns 1,114 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 114 shares during the period. Finally, Independence Bank of Kentucky increased its holdings in shares of SPDR Gold Shares by 219.8% in the 2nd quarter. Independence Bank of Kentucky now owns 7,913 shares of the exchange traded fund’s stock valued at $2,412,000 after acquiring an additional 5,439 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.6%

Shares of GLD stock opened at $346.74 on Monday. The stock has a market capitalization of $115.60 billion, a PE ratio of -32.43 and a beta of 0.15. The stock’s 50-day moving average price is $320.20 and its 200 day moving average price is $307.23. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75.

SPDR Gold Shares Company 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).