Collaborative Wealth Managment Inc. Has $298,000 Stock Holdings in SPDR Gold Shares $GLD

Collaborative Wealth Managment Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 976 shares of the exchange traded fund’s stock after buying an additional 136 shares during the period. Collaborative Wealth Managment Inc.’s holdings in SPDR Gold Shares were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. grew its position in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 169,005 shares in the last quarter. 59 North Capital Management LP grew its holdings in shares of SPDR Gold Shares by 76.4% during 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 purchasing an additional 547,018 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 16.5% during 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 purchasing an additional 161,638 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in SPDR Gold Shares by 15.0% during the 1st quarter. Cetera Investment Advisers now owns 821,760 shares of the exchange traded fund’s stock worth $236,782,000 after purchasing an additional 107,469 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $375.96 on Friday. SPDR Gold Shares has a one year low of $236.33 and a one year high of $403.30. The company has a market cap of $136.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50 day simple moving average of $362.36 and a 200 day simple moving average of $327.28.

About SPDR Gold Shares

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).