Kiker Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.0% in the second quarter, Holdings Channel reports. The firm owned 668 shares of the exchange traded fund’s stock after purchasing an additional 66 shares during the quarter. Kiker Wealth Management LLC’s holdings in SPDR Gold Shares were worth $204,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $53,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 2.4%
NYSEARCA GLD opened at $378.09 on Tuesday. The firm has a market cap of $134.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average of $332.14 and a 200-day moving average of $313.66. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $378.86.
About SPDR Gold Shares
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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