Genesis Private Wealth LLC Boosts Position in SPDR Gold Shares $GLD

Genesis Private Wealth LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,170 shares of the exchange traded fund’s stock after acquiring an additional 54 shares during the period. SPDR Gold Shares accounts for about 4.0% of Genesis Private Wealth LLC’s portfolio, making the stock its 4th largest position. Genesis Private Wealth LLC’s holdings in SPDR Gold Shares were worth $8,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% in 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 in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6%

Shares of NYSEARCA:GLD opened at $346.74 on Monday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $348.75. The stock’s 50 day moving average is $320.20 and its 200-day moving average is $307.23. The firm has a market capitalization of $115.60 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).