738 Shares in SPDR Gold Shares $GLD Bought by Thrive Wealth Management LLC

Thrive Wealth Management LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 738 shares of the exchange traded fund’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its stake in shares of SPDR Gold Shares by 11.0% during 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 during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP lifted its stake 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 worth $363,977,000 after purchasing an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake 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 worth $328,970,000 after purchasing an additional 161,638 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $336.97 on Thursday. The stock has a 50-day moving average of $315.26 and a two-hundred day moving average of $303.14. SPDR Gold Shares has a one year low of $235.30 and a one year high of $341.24. The stock has a market cap of $112.35 billion, a PE 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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