Parisi Gray Wealth Management Purchases Shares of 1,537 SPDR Gold Shares $GLD

Parisi Gray Wealth Management bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,537 shares of the exchange traded fund’s stock, valued at approximately $469,000.

Several other hedge funds have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the first quarter worth about $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in shares of 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 worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $335.42 on Monday. SPDR Gold Shares has a 52-week low of $235.30 and a 52-week high of $338.31. The stock has a market cap of $111.83 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s 50 day moving average price is $313.29 and its two-hundred day moving average price is $302.12.

SPDR Gold Shares Company 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).