SPDR Gold Shares $GLD Shares Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 449.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,883 shares of the exchange traded fund’s stock after acquiring an additional 3,995 shares during the period. WealthPlan Investment Management LLC’s holdings in SPDR Gold Shares were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Patten & Patten Inc. TN grew its holdings in SPDR Gold Shares by 294.4% during the second quarter. Patten & Patten Inc. TN now owns 21,950 shares of the exchange traded fund’s stock worth $6,691,000 after acquiring an additional 16,385 shares during the period. Mutual Advisors LLC grew its holdings in SPDR Gold Shares by 20.1% during the second quarter. Mutual Advisors LLC now owns 22,664 shares of the exchange traded fund’s stock worth $6,967,000 after acquiring an additional 3,794 shares during the period. Harbour Investments Inc. grew its holdings in SPDR Gold Shares by 4.4% during the second quarter. Harbour Investments Inc. now owns 61,398 shares of the exchange traded fund’s stock worth $18,716,000 after acquiring an additional 2,598 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in SPDR Gold Shares by 2.9% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,357 shares of the exchange traded fund’s stock valued at $1,938,000 after purchasing an additional 181 shares during the period. Finally, Cypress Wealth Services LLC grew its holdings in SPDR Gold Shares by 15.6% in the second quarter. Cypress Wealth Services LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $474,000 after purchasing an additional 210 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 2.3%

Shares of GLD opened at $396.45 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $396.87. The stock’s 50 day moving average is $336.74 and its two-hundred day moving average is $315.38. The firm has a market cap of $140.86 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).