FLP Wealth Management LLC Buys 13,032 Shares of SPDR Gold Shares $GLD

FLP Wealth Management LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1,568.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,863 shares of the exchange traded fund’s stock after buying an additional 13,032 shares during the period. SPDR Gold Shares accounts for about 5.7% of FLP Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. FLP Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Brighton Jones LLC boosted its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC boosted its stake in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. Ieq Capital LLC grew its holdings in SPDR Gold Shares by 217.5% in the first quarter. Ieq Capital LLC now owns 117,018 shares of the exchange traded fund’s stock worth $33,718,000 after purchasing an additional 80,165 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of SPDR Gold Shares by 4.5% during the first quarter. CreativeOne Wealth LLC now owns 28,479 shares of the exchange traded fund’s stock valued at $8,206,000 after purchasing an additional 1,219 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of SPDR Gold Shares by 1.5% in the 1st quarter. Guggenheim Capital LLC now owns 72,865 shares of the exchange traded fund’s stock valued at $20,995,000 after buying an additional 1,095 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $411.93 on Thursday. The firm has a market cap of $149.08 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $239.58 and a 52-week high of $413.76. The business’s 50 day simple moving average is $383.24 and its two-hundred day simple moving average is $343.89.

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SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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