High Net Worth Advisory Group LLC Has $1.20 Million Holdings in SPDR Gold Shares $GLD

by · The Cerbat Gem

High Net Worth Advisory Group LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 36.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,938 shares of the exchange traded fund’s stock after selling 2,232 shares during the period. High Net Worth Advisory Group LLC’s holdings in SPDR Gold Shares were worth $1,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. DAVENPORT & Co LLC raised its holdings in shares of SPDR Gold Shares by 105.3% in the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP grew its position in 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 worth $363,977,000 after purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in SPDR Gold Shares by 604.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Raymond James Financial Inc. grew its position in 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 worth $594,616,000 after purchasing an additional 204,676 shares in the last quarter. Finally, TD Asset Management Inc grew its position in SPDR Gold Shares by 148.8% in the 1st quarter. TD Asset Management Inc now owns 328,750 shares of the exchange traded fund’s stock worth $94,726,000 after purchasing an additional 196,615 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $336.97 on Thursday. SPDR Gold Shares has a 52-week low of $235.30 and a 52-week high of $341.24. The company has a 50-day simple moving average of $315.26 and a two-hundred day simple moving average of $303.14. The company has a market capitalization of $112.35 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Company Profile

(Free Report)

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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