High Note Wealth LLC Buys New Stake in SPDR Gold Shares $GLD

High Note Wealth LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,811 shares of the exchange traded fund’s stock, valued at approximately $1,771,000.

Other hedge funds have also bought and sold shares of the company. Principal Securities Inc. raised its stake in SPDR Gold Shares by 0.3% during the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 33 shares during the period. TPG Advisors LLC raised its stake in SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares during the period. Mather Group LLC. raised its stake in SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the period. Pinnacle Associates Ltd. raised its stake in SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares during the period. Finally, FourThought Financial Partners LLC raised its stake in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $364.38 on Tuesday. The firm’s 50-day moving average is $325.72 and its two-hundred day moving average is $310.51. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $365.30. The company has a market capitalization of $129.65 billion, a PE ratio of -32.43 and a beta of 0.15.

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).