SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Aries Wealth Management

Aries Wealth Management boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,843 shares of the exchange traded fund’s stock after purchasing an additional 330 shares during the period. SPDR Gold Shares makes up 1.2% of Aries Wealth Management’s portfolio, making the stock its 25th biggest position. Aries Wealth Management’s holdings in SPDR Gold Shares were worth $4,277,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after buying an additional 35 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in SPDR Gold Shares by 1.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 3,662 shares of the exchange traded fund’s stock valued at $1,055,000 after buying an additional 37 shares during the period. KMG Fiduciary Partners LLC increased its holdings in SPDR Gold Shares by 1.1% in the 1st quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock valued at $1,027,000 after buying an additional 38 shares during the period. Marcum Wealth LLC increased its holdings in SPDR Gold Shares by 4.3% in the 1st quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after buying an additional 39 shares during the period. Finally, Kellett Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $316.29 on Friday. The firm has a market capitalization of $103.43 billion, a PE ratio of -32.43 and a beta of 0.11. The company’s fifty day moving average price is $303.57 and its two-hundred day moving average price is $274.89. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63.

SPDR Gold Shares Company 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).