SPDR Gold Shares $GLD is CWA Asset Management Group LLC’s 9th Largest Position

CWA Asset Management Group LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 108,875 shares of the exchange traded fund’s stock after acquiring an additional 15,397 shares during the period. SPDR Gold Shares makes up approximately 1.4% of CWA Asset Management Group LLC’s portfolio, making the stock its 9th largest holding. CWA Asset Management Group LLC’s holdings in SPDR Gold Shares were worth $33,188,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $53,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.6%

Shares of NYSEARCA GLD opened at $346.74 on Friday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $348.75. The firm has a market cap of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average of $320.20 and a 200 day moving average of $307.01.

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).