Alpha Omega Wealth Management LLC Has $505,000 Stock Holdings in SPDR Gold Shares $GLD

Alpha Omega Wealth Management LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 1,658 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in SPDR Gold Shares were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $30,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $34,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $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 valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.7%

Shares of GLD stock opened at $345.05 on Tuesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $345.07. The company has a market capitalization of $115.04 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock’s fifty day simple moving average is $317.19 and its 200-day simple moving average is $305.13.

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).