Insight Wealth Partners LLC Boosts Holdings in SPDR Gold Shares $GLD

Insight Wealth Partners LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,638 shares of the exchange traded fund’s stock after acquiring an additional 609 shares during the quarter. Insight Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $30,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID grew its holdings in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, Signature Resources Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 146.7% during the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 110 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $377.52 on Friday. The company has a market cap of $138.78 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $403.30. The company has a 50-day simple moving average of $345.72 and a 200-day simple moving average of $319.60.

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).