Belpointe Asset Management LLC Grows Position in SPDR Gold Shares $GLD

Belpointe Asset Management LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,508 shares of the exchange traded fund’s stock after purchasing an additional 1,314 shares during the quarter. Belpointe Asset Management LLC’s holdings in SPDR Gold Shares were worth $12,653,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID grew 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 valued at $39,000 after buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in SPDR Gold Shares in the first quarter valued at $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $357.64 on Monday. The stock’s 50-day moving average is $324.54 and its two-hundred day moving average is $309.90. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $358.67. The firm has a market cap of $127.25 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).