SpringVest Wealth Management LLC Acquires 634 Shares of SPDR Gold Shares $GLD

SpringVest Wealth Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,297 shares of the exchange traded fund’s stock after buying an additional 634 shares during the quarter. SPDR Gold Shares comprises 1.6% of SpringVest Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. SpringVest Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,920,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the first quarter valued at about $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares in the first quarter valued at about $53,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.6%

Shares of GLD stock opened at $372.30 on Thursday. The stock has a 50-day moving average price of $328.35 and a 200 day moving average price of $311.32. The firm has a market cap of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57.

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).