Wealth Management Associates Inc. Purchases 638 Shares of SPDR Gold Shares $GLD

Wealth Management Associates Inc. increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,908 shares of the exchange traded fund’s stock after purchasing an additional 638 shares during the period. SPDR Gold Shares comprises about 1.8% of Wealth Management Associates Inc.’s investment portfolio, making the stock its 14th largest position. Wealth Management Associates Inc.’s holdings in SPDR Gold Shares were worth $4,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC increased its position in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 388 shares during the period. Marmo Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $218,000. Lloyd Advisory Services LLC. bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $217,000. Horizon Wealth Management LLC grew its position in SPDR Gold Shares by 61.6% in the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after acquiring an additional 31,514 shares during the period. Finally, Lake Hills Wealth Management LLC grew its position in SPDR Gold Shares by 69.5% in the first quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock valued at $10,339,000 after acquiring an additional 14,717 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $335.26 on Thursday. The business’s fifty day moving average price is $312.17 and its two-hundred day moving average price is $300.74. SPDR Gold Shares has a fifty-two week low of $231.09 and a fifty-two week high of $338.31. The stock has a market capitalization of $111.78 billion, a price-to-earnings 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).