WJ Financial Advisors LLC Makes New $5.56 Million Investment in SPDR Gold Shares $GLD

WJ Financial Advisors LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 15,640 shares of the exchange traded fund’s stock, valued at approximately $5,560,000. SPDR Gold Shares accounts for 5.4% of WJ Financial Advisors LLC’s holdings, making the stock its largest holding.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC raised its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $16,014,000. WealthPlan Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 449.9% in the second quarter. WealthPlan Investment Management LLC now owns 4,883 shares of the exchange traded fund’s stock worth $1,488,000 after buying an additional 3,995 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in SPDR Gold Shares during the second quarter valued at $401,000. 42.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Up 2.5%

Shares of GLD stock opened at $462.62 on Friday. The stock has a market cap of $175.84 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s fifty day simple moving average is $425.87 and its two-hundred day simple moving average is $376.31. SPDR Gold Shares has a 52 week low of $261.25 and a 52 week high of $509.70.

SPDR Gold Shares Company Profile

(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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