UNIVEST FINANCIAL Corp Has $298,000 Stake in SPDR Gold Shares $GLD

UNIVEST FINANCIAL Corp boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 32.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 976 shares of the exchange traded fund’s stock after acquiring an additional 239 shares during the period. UNIVEST FINANCIAL Corp’s holdings in SPDR Gold Shares were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. raised its position 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 valued at $594,616,000 after buying an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 valued at $450,902,000 after buying an additional 169,005 shares in the last quarter. 59 North Capital Management LP raised its position 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 valued at $363,977,000 after buying an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of 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 in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 2.0%

Shares of NYSEARCA:GLD opened at $370.13 on Friday. The firm has a 50 day moving average of $350.46 and a 200-day moving average of $322.02. The stock has a market capitalization of $134.32 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $403.30.

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).