SPDR Gold Shares $GLD Shares Purchased by 1 North Wealth Services LLC

1 North Wealth Services LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 17.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,420 shares of the exchange traded fund’s stock after buying an additional 6,371 shares during the period. SPDR Gold Shares comprises approximately 5.3% of 1 North Wealth Services LLC’s investment portfolio, making the stock its 5th biggest holding. 1 North Wealth Services LLC’s holdings in SPDR Gold Shares were worth $13,236,000 at the end of the most recent quarter.

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

SPDR Gold Shares Stock Performance

Shares of GLD opened at $366.26 on Wednesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $367.27. The stock has a market capitalization of $130.32 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a fifty day moving average of $326.92 and a 200-day moving average of $310.89.

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).