BKM Wealth Management LLC Has $1.96 Million Stock Holdings in SPDR Gold Shares $GLD

BKM Wealth Management LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,436 shares of the exchange traded fund’s stock after purchasing an additional 73 shares during the quarter. BKM Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,962,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. lifted its position in shares of SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP lifted its position in shares of SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after purchasing an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after buying an additional 161,638 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 1.9%

Shares of NYSEARCA GLD opened at $388.99 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $397.28. The company has a market cap of $138.95 billion, a P/E ratio of -32.43 and a beta of 0.15. The business’s 50 day moving average is $338.26 and its two-hundred day moving average is $316.27.

SPDR Gold Shares 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).