Waverton Investment Management Ltd Boosts Stock Position in SPDR Gold Shares $GLD

Waverton Investment Management Ltd lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,227 shares of the exchange traded fund’s stock after purchasing an additional 1,040 shares during the period. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $22,012,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the first quarter worth about $34,000. Legacy Wealth Managment LLC ID lifted its holdings in SPDR Gold Shares by 51.1% in 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 during the period. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares in the second quarter worth about $43,000. Finally, Signature Resources Capital Management LLC lifted its holdings in SPDR Gold Shares by 146.7% in the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 110 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $366.51 on Thursday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The company has a 50-day simple moving average of $354.87 and a two-hundred day simple moving average of $323.93. The firm has a market capitalization of $132.64 billion, a PE ratio of -32.43 and a beta of 0.09.

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).