Western Wealth Management LLC Grows Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Western Wealth Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,604 shares of the exchange traded fund’s stock after buying an additional 281 shares during the period. Western Wealth Management LLC’s holdings in SPDR Gold Shares were worth $6,801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $26,000. HWG Holdings LP bought a new position in SPDR Gold Shares during the first quarter valued at approximately $53,000. American National Bank & Trust grew its position in SPDR Gold Shares by 189.4% during the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter worth approximately $55,000. Finally, Mattson Financial Services LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

SPDR Gold Shares stock opened at $307.12 on Thursday. The firm has a fifty day simple moving average of $306.39 and a two-hundred day simple moving average of $278.32. SPDR Gold Shares has a twelve month low of $212.12 and a twelve month high of $317.63. The company has a market capitalization of $100.43 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).