WJ Financial Advisors LLC Makes New Investment in SPDR Gold Shares $GLD

WJ Financial Advisors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,640 shares of the exchange traded fund’s stock, valued at approximately $5,560,000. SPDR Gold Shares makes up about 5.4% of WJ Financial Advisors LLC’s investment portfolio, making the stock its biggest holding.

A number of other large investors have also added to or reduced their stakes in GLD. Hopwood Financial Services Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at about $27,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $31,000. Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth $34,000. Finally, Traub Capital Management LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $462.62 on Friday. SPDR Gold Shares has a one year low of $261.25 and a one year high of $509.70. The stock has a 50-day moving average of $425.87 and a 200 day moving average of $376.31. The company has a market capitalization of $175.84 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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