SPDR Gold Shares $GLD Shares Bought by waypoint wealth counsel

waypoint wealth counsel grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,853 shares of the exchange traded fund’s stock after buying an additional 101 shares during the quarter. SPDR Gold Shares comprises approximately 4.4% of waypoint wealth counsel’s portfolio, making the stock its 6th largest holding. waypoint wealth counsel’s holdings in SPDR Gold Shares were worth $8,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its stake 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 valued at $39,000 after acquiring an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares during the first quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.0%

Shares of GLD opened at $369.12 on Friday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The firm has a market capitalization of $130.59 billion, a PE ratio of -32.43 and a beta of 0.15. The stock’s fifty day simple moving average is $330.80 and its 200-day simple moving average is $312.79.

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).