Dakota Wealth Management Has $7.66 Million Stake in SPDR Gold Shares $GLD

Dakota Wealth Management grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,123 shares of the exchange traded fund’s stock after purchasing an additional 1,379 shares during the quarter. Dakota Wealth Management’s holdings in SPDR Gold Shares were worth $7,658,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $34,000. Legacy Wealth Managment LLC ID raised 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 acquiring an additional 46 shares during the period. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the first quarter worth about $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $343.32 on Thursday. The firm has a market capitalization of $114.46 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75. The business’s 50-day simple moving average is $318.69 and its 200 day simple moving average is $305.68.

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).