Iams Wealth Management LLC Raises Holdings in SPDR Gold Shares $GLD

Iams Wealth Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 29.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,381 shares of the exchange traded fund’s stock after purchasing an additional 312 shares during the quarter. Iams Wealth Management LLC’s holdings in SPDR Gold Shares were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. boosted its stake in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP boosted its stake in shares of SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of SPDR Gold Shares by 16.5% during the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $339.18 on Monday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $341.24. The company has a market capitalization of $113.08 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm has a 50-day simple moving average of $316.45 and a 200-day simple moving average of $304.59.

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).