Alta Wealth Advisors LLC Purchases 397 Shares of SPDR Gold Shares $GLD

Alta Wealth Advisors LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,251 shares of the exchange traded fund’s stock after purchasing an additional 397 shares during the period. Alta Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,296,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after purchasing an additional 169,005 shares in the last quarter. 59 North Capital Management LP lifted its holdings in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. raised its position in SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after buying an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after buying an additional 161,638 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.8%

NYSEARCA GLD opened at $357.64 on Friday. The firm has a market capitalization of $126.50 billion, a P/E ratio of -32.43 and a beta of 0.15. The business has a fifty day simple moving average of $324.54 and a 200 day simple moving average of $309.70. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $358.67.

SPDR Gold Shares 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).