Private Wealth Asset Management LLC Has $2.01 Million Holdings in SPDR Gold Shares $GLD

Private Wealth Asset Management LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,598 shares of the exchange traded fund’s stock after selling 63 shares during the period. Private Wealth Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7%

SPDR Gold Shares stock opened at $380.79 on Wednesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $382.38. The company’s 50 day moving average price is $333.54 and its two-hundred day moving average price is $314.13. The stock has a market cap of $134.95 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).