SPDR Gold Shares $GLD is Copia Wealth Management’s 5th Largest Position

Copia Wealth Management reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,528 shares of the exchange traded fund’s stock after selling 1,768 shares during the period. SPDR Gold Shares comprises 3.5% of Copia Wealth Management’s investment portfolio, making the stock its 5th biggest position. Copia Wealth Management’s holdings in SPDR Gold Shares were worth $4,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. Brighton Jones LLC grew its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC grew its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. GAMMA Investing LLC grew its position in shares of SPDR Gold Shares by 226.0% during the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 400 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of SPDR Gold Shares by 34.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,469 shares of the exchange traded fund’s stock valued at $72,171,000 after acquiring an additional 64,154 shares during the period. Finally, Keystone Wealth Services LLC grew its position in shares of SPDR Gold Shares by 20.7% during the 1st quarter. Keystone Wealth Services LLC now owns 1,225 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 210 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.7%

SPDR Gold Shares stock opened at $380.79 on Wednesday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $382.38. The firm has a 50 day moving average price of $333.54 and a 200-day moving average price of $314.13. The company has a market capitalization of $134.95 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).