DKM Wealth Management Inc. Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

DKM Wealth Management Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 828 shares of the exchange traded fund’s stock, valued at approximately $200,000.

A number of other hedge funds also recently modified their holdings of GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of SPDR Gold Shares by 24.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after purchasing an additional 18,828 shares during the last quarter. Verition Fund Management LLC grew its holdings in SPDR Gold Shares by 104.1% in the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 64,965 shares in the last quarter. Paloma Partners Management Co bought a new position in SPDR Gold Shares during the 3rd quarter worth $389,000. Benjamin Edwards Inc. acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $6,480,000. Finally, Ascent Group LLC lifted its holdings in shares of SPDR Gold Shares by 35.7% during the third quarter. Ascent Group LLC now owns 2,315 shares of the exchange traded fund’s stock worth $563,000 after buying an additional 609 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $287.57 on Wednesday. SPDR Gold Shares has a 52 week low of $208.36 and a 52 week high of $289.13. The company has a market capitalization of $86.44 billion, a PE ratio of -30.67 and a beta of 0.17. The company’s 50-day simple moving average is $269.11 and its 200 day simple moving average is $253.75.

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).