Geneos Wealth Management Inc. Increases Position in SPDR Gold Shares $GLD

Geneos Wealth Management Inc. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 101.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,526 shares of the exchange traded fund’s stock after acquiring an additional 15,365 shares during the period. Geneos Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $9,305,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in SPDR Gold Shares during the second quarter worth about $34,000. Kilter Group LLC bought a new stake in SPDR Gold Shares in the second quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its stake 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 valued at $39,000 after acquiring an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares in the second quarter valued at about $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.6%

Shares of GLD stock opened at $395.44 on Friday. The firm has a market cap of $143.11 billion, a P/E ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average of $378.47 and a 200-day moving average of $338.55. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30.

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).