SPDR Gold Shares $GLD is Heritage Wealth Partners LLC’s Largest Position

Heritage Wealth Partners LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 262.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,733 shares of the exchange traded fund’s stock after buying an additional 20,075 shares during the period. SPDR Gold Shares comprises 12.2% of Heritage Wealth Partners LLC’s holdings, making the stock its biggest holding. Heritage Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $7,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 388 shares in the last quarter. Marmo Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $218,000. Lloyd Advisory Services LLC. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $217,000. Horizon Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 61.6% in the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after purchasing an additional 31,514 shares in the last quarter. Finally, Lake Hills Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 69.5% in the 1st quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock valued at $10,339,000 after purchasing an additional 14,717 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $310.58 on Friday. SPDR Gold Shares has a one year low of $228.52 and a one year high of $317.63. The firm has a market cap of $103.55 billion, a P/E ratio of -32.43 and a beta of 0.15. The firm has a 50-day simple moving average of $308.31 and a 200-day simple moving average of $295.78.

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).