Empirical Asset Management LLC Boosts Stake in SPDR Gold Shares $GLD

Empirical Asset Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,207 shares of the exchange traded fund’s stock after purchasing an additional 366 shares during the quarter. SPDR Gold Shares accounts for about 1.0% of Empirical Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Empirical Asset Management LLC’s holdings in SPDR Gold Shares were worth $3,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLD. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SPDR Gold Shares by 226.0% in the first quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 400 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 34.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,469 shares of the exchange traded fund’s stock worth $72,171,000 after purchasing an additional 64,154 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in shares of SPDR Gold Shares by 44.6% in the first quarter. Sagespring Wealth Partners LLC now owns 2,021 shares of the exchange traded fund’s stock worth $582,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $396.45 on Friday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $396.87. The business has a fifty day moving average price of $336.74 and a 200-day moving average price of $315.38. The stock has a market capitalization of $140.86 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).