CWA Asset Management Group LLC Has $57.16 Million Stock Position in SPDR Gold Shares $GLD

CWA Asset Management Group LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 47.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,811 shares of the exchange traded fund’s stock after purchasing an additional 51,936 shares during the quarter. SPDR Gold Shares comprises 2.1% of CWA Asset Management Group LLC’s holdings, making the stock its 5th largest holding. CWA Asset Management Group LLC’s holdings in SPDR Gold Shares were worth $57,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC boosted its holdings in shares of SPDR Gold Shares by 8.0% in the 3rd quarter. Ellis Investment Partners LLC now owns 949 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 70 shares in the last quarter. City Holding Co. raised its stake in shares of SPDR Gold Shares by 33.8% during the 3rd quarter. City Holding Co. now owns 14,144 shares of the exchange traded fund’s stock worth $5,028,000 after acquiring an additional 3,573 shares in the last quarter. Kiley Juergens Wealth Management LLC boosted its stake in SPDR Gold Shares by 1.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 16,983 shares of the exchange traded fund’s stock valued at $6,037,000 after acquiring an additional 319 shares in the last quarter. DBK Financial Counsel LLC grew its holdings in SPDR Gold Shares by 2.3% in the third quarter. DBK Financial Counsel LLC now owns 2,686 shares of the exchange traded fund’s stock worth $955,000 after purchasing an additional 60 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of SPDR Gold Shares by 7.5% during the third quarter. Daymark Wealth Partners LLC now owns 11,389 shares of the exchange traded fund’s stock worth $4,048,000 after purchasing an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5%

Shares of GLD opened at $398.28 on Monday. The firm has a market cap of $149.24 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $242.05 and a 12 month high of $418.45. The stock has a fifty day moving average price of $385.59 and a 200-day moving average price of $348.66.

Key Stores Impacting SPDR Gold Shares

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

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.

Further Reading

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

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