SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Nvest Financial LLC

Nvest Financial LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 56.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,551 shares of the exchange traded fund’s stock after acquiring an additional 21,873 shares during the quarter. SPDR Gold Shares makes up 9.3% of Nvest Financial LLC’s portfolio, making the stock its largest holding. Nvest Financial LLC’s holdings in SPDR Gold Shares were worth $17,447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. Cornerstone Wealth Management LLC grew its position in SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after acquiring an additional 388 shares during the last quarter. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares in the first quarter worth $218,000. WMG Financial Advisors LLC boosted its stake in SPDR Gold Shares by 18.9% in the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after purchasing an additional 851 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of SPDR Gold Shares during the first quarter worth $217,000. Finally, Horizon Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 61.6% in the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after buying an additional 31,514 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

SPDR Gold Shares stock opened at $307.12 on Thursday. The stock has a 50-day simple moving average of $306.39 and a 200 day simple moving average of $278.32. The stock has a market capitalization of $100.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63.

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).