Total Wealth Planning LLC Purchases New Position in SPDR Gold Shares $GLD

Total Wealth Planning LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, Holdings Channel reports. The firm purchased 18,751 shares of the exchange traded fund’s stock, valued at approximately $5,716,000. SPDR Gold Shares accounts for 0.7% of Total Wealth Planning LLC’s holdings, making the stock its 27th largest position.

Several other hedge funds have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the first quarter worth about $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $53,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.9%

SPDR Gold Shares stock opened at $343.32 on Thursday. The business has a fifty day moving average of $318.69 and a two-hundred day moving average of $305.68. The firm has a market cap of $114.46 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $348.75.

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).