MB Generational Wealth LLC Purchases Shares of 1,144 SPDR Gold Shares $GLD

MB Generational Wealth LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,144 shares of the exchange traded fund’s stock, valued at approximately $407,000.

Several other hedge funds have also recently modified their holdings of the stock. Laurel Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after acquiring an additional 559,507 shares during the period. TD Asset Management Inc raised its stake in SPDR Gold Shares by 108.4% in the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after acquiring an additional 356,401 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $101,508,000. Finally, Quadrature Capital Ltd purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at about $99,996,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Up 3.1%

Shares of NYSEARCA:GLD opened at $455.46 on Monday. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70. The stock has a market cap of $173.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average price of $418.40 and a 200-day moving average price of $371.83.

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.

Further Reading

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

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