Global Wealth Management LLC Has $381,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Global Wealth Management LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322 shares of the exchange traded fund’s stock after acquiring an additional 132 shares during the quarter. SPDR Gold Shares comprises 0.2% of Global Wealth Management LLC’s holdings, making the stock its 24th largest holding. Global Wealth Management LLC’s holdings in SPDR Gold Shares were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $26,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. PayPay Securities Corp lifted its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 41 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $305.18 on Friday. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The business’s 50 day moving average price is $300.63 and its two-hundred day moving average price is $272.64. The firm has a market cap of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11.

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).