AE Wealth Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 37.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,196 shares of the exchange traded fund’s stock after purchasing an additional 26,023 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR Gold Shares were worth $20,468,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of GLD. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $26,000. Gold Investment Management Ltd. bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $27,000. Finally, Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $239.14 on Friday. The company’s 50-day moving average price is $228.53 and its 200-day moving average price is $218.54. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $240.29.
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).
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