Manchester Financial Inc. Has $724,000 Stock Holdings in SPDR Gold Shares $GLD

Manchester Financial Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,376 shares of the exchange traded fund’s stock after purchasing an additional 137 shares during the period. Manchester Financial Inc.’s holdings in SPDR Gold Shares were worth $724,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GLD. Brighton Jones LLC lifted 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 worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its holdings in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares in the last quarter. GAMMA Investing LLC raised its holdings in SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 400 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in SPDR Gold Shares by 34.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,469 shares of the exchange traded fund’s stock valued at $72,171,000 after acquiring an additional 64,154 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its holdings in SPDR Gold Shares by 77.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 3,395 shares of the exchange traded fund’s stock valued at $978,000 after acquiring an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.9%

GLD stock opened at $388.99 on Friday. The business’s 50 day moving average is $338.26 and its 200-day moving average is $316.08. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $397.28. The firm has a market cap of $138.21 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).