BKM Wealth Management LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,436 shares of the exchange traded fund’s stock after acquiring an additional 73 shares during the period. BKM Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,962,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $30,000. Stone House Investment Management LLC acquired 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 during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $53,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 1.9%
GLD stock opened at $388.99 on Friday. The firm has a 50 day moving average of $338.26 and a two-hundred day moving average of $316.27. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $397.28. The company has a market capitalization of $138.95 billion, a price-to-earnings 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).
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