Klingman & Associates LLC Has $546,000 Stock Holdings in SPDR Gold Shares $GLD

Klingman & Associates LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,791 shares of the exchange traded fund’s stock after acquiring an additional 48 shares during the quarter. Klingman & Associates LLC’s holdings in SPDR Gold Shares were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Avidian Wealth Enterprises LLC increased its stake in shares of SPDR Gold Shares by 4.7% in the second quarter. Avidian Wealth Enterprises LLC now owns 7,809 shares of the exchange traded fund’s stock worth $2,381,000 after acquiring an additional 348 shares during the last quarter. Journey Advisory Group LLC increased its stake in shares of SPDR Gold Shares by 5.1% in the second quarter. Journey Advisory Group LLC now owns 25,385 shares of the exchange traded fund’s stock worth $7,738,000 after acquiring an additional 1,230 shares during the last quarter. Alexis Investment Partners LLC increased its stake in shares of SPDR Gold Shares by 5.9% in the second quarter. Alexis Investment Partners LLC now owns 30,767 shares of the exchange traded fund’s stock worth $9,268,000 after acquiring an additional 1,701 shares during the last quarter. Drive Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 65.1% in the second quarter. Drive Wealth Management LLC now owns 1,738 shares of the exchange traded fund’s stock worth $530,000 after acquiring an additional 685 shares during the last quarter. Finally, Schnieders Capital Management LLC increased its stake in shares of SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 6.4%

NYSEARCA GLD opened at $377.24 on Wednesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The company has a market capitalization of $136.33 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s fifty day simple moving average is $341.53 and its 200-day simple moving average is $317.76.

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).