Drive Wealth Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 65.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,738 shares of the exchange traded fund’s stock after purchasing an additional 685 shares during the period. Drive Wealth Management LLC’s holdings in SPDR Gold Shares were worth $530,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GLD. Brighton Jones LLC lifted its holdings in SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 400 shares during the last quarter. First Bancorp Inc ME boosted its position in SPDR Gold Shares by 5.2% during the 1st quarter. First Bancorp Inc ME now owns 2,610 shares of the exchange traded fund’s stock valued at $752,000 after purchasing an additional 130 shares during the period. Finally, Prairie Wealth Advisors Inc. grew its stake in SPDR Gold Shares by 1.5% during the 1st quarter. Prairie Wealth Advisors Inc. now owns 39,767 shares of the exchange traded fund’s stock worth $11,459,000 after buying an additional 598 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD opened at $403.15 on Tuesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The business’s fifty day moving average price is $340.15 and its two-hundred day moving average price is $317.34. The firm has a market capitalization of $144.01 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).
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