Mission Wealth Management LP boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,037 shares of the exchange traded fund’s stock after buying an additional 513 shares during the period. Mission Wealth Management LP’s holdings in SPDR Gold Shares were worth $2,755,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares during the first quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings in 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 worth $39,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares during the second quarter valued at $43,000. Finally, Abound Financial LLC bought a new stake in SPDR Gold Shares during the first quarter valued at $56,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $368.12 on Monday. The firm’s 50-day moving average is $351.61 and its 200-day moving average is $322.80. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The company has a market cap of $133.22 billion, a P/E ratio of -32.43 and a beta of 0.09.
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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