PMG Wealth Management Inc. Buys Shares of 665 SPDR Gold Shares $GLD

PMG Wealth Management Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 665 shares of the exchange traded fund’s stock, valued at approximately $203,000.

A number of other hedge funds also recently made changes to their positions in GLD. DAVENPORT & Co LLC raised its position in shares of SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP raised its position 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 acquiring an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth about $120,429,000. Finally, Raymond James Financial Inc. raised its position 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 acquiring an additional 204,676 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $346.74 on Friday. The business has a 50 day simple moving average of $320.20 and a 200 day simple moving average of $307.01. SPDR Gold Shares has a one year low of $236.13 and a one year high of $348.75. The stock has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).