Wescott Financial Advisory Group LLC Purchases 557 Shares of SPDR Gold Shares $GLD

Wescott Financial Advisory Group LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 44.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,806 shares of the exchange traded fund’s stock after buying an additional 557 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in SPDR Gold Shares were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockbridge Investment Management LCC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $203,000. Inspire Advisors LLC raised its holdings in shares of SPDR Gold Shares by 25.9% in the second quarter. Inspire Advisors LLC now owns 3,811 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 783 shares during the last quarter. United Advisor Group LLC lifted its position in shares of SPDR Gold Shares by 206.1% in the second quarter. United Advisor Group LLC now owns 3,943 shares of the exchange traded fund’s stock worth $1,202,000 after purchasing an additional 2,655 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its position in shares of SPDR Gold Shares by 3.0% in the second quarter. Greykasell Wealth Strategies Inc. now owns 25,501 shares of the exchange traded fund’s stock worth $7,774,000 after purchasing an additional 754 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in SPDR Gold Shares by 2.7% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 4,391 shares of the exchange traded fund’s stock worth $1,339,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.1%

SPDR Gold Shares stock opened at $371.65 on Tuesday. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30. The company has a fifty day simple moving average of $363.10 and a 200 day simple moving average of $327.97. The company has a market cap of $134.50 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).