waypoint wealth counsel Has $8.80 Million Stock Position in SPDR Gold Shares $GLD

waypoint wealth counsel increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,853 shares of the exchange traded fund’s stock after buying an additional 101 shares during the quarter. SPDR Gold Shares accounts for about 4.4% of waypoint wealth counsel’s investment portfolio, making the stock its 6th largest position. waypoint wealth counsel’s holdings in SPDR Gold Shares were worth $8,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Matrix Asset Advisors Inc. NY lifted its position in shares of SPDR Gold Shares by 18.2% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 955 shares of the exchange traded fund’s stock worth $291,000 after buying an additional 147 shares during the period. GFS Advisors LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $2,175,000. Apollon Financial LLC lifted its position in shares of SPDR Gold Shares by 3.3% during the 2nd quarter. Apollon Financial LLC now owns 11,952 shares of the exchange traded fund’s stock worth $3,643,000 after buying an additional 379 shares during the period. Apollon Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 4.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 35,329 shares of the exchange traded fund’s stock worth $10,769,000 after buying an additional 1,542 shares during the period. Finally, Ball & Co Wealth Management Inc. lifted its position in shares of SPDR Gold Shares by 65.8% during the 2nd quarter. Ball & Co Wealth Management Inc. now owns 58,869 shares of the exchange traded fund’s stock worth $17,945,000 after buying an additional 23,356 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $369.12 on Friday. The company has a market capitalization of $130.59 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57. The business has a 50 day simple moving average of $330.80 and a 200 day simple moving average of $312.79.

About SPDR Gold Shares

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).