Primoris Wealth Advisors LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Primoris Wealth Advisors LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.6% in the 1st quarter, HoldingsChannel reports. The fund owned 1,912 shares of the exchange traded fund’s stock after purchasing an additional 199 shares during the quarter. Primoris Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $558,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nadler Financial Group Inc. grew its position in shares of SPDR Gold Shares by 0.7% in the 1st quarter. Nadler Financial Group Inc. now owns 8,358 shares of the exchange traded fund’s stock worth $2,408,000 after buying an additional 60 shares during the last quarter. Holistic Planning LLC boosted its stake in SPDR Gold Shares by 6.8% in the first quarter. Holistic Planning LLC now owns 1,313 shares of the exchange traded fund’s stock valued at $378,000 after acquiring an additional 84 shares in the last quarter. Hibernia Wealth Partners LLC grew its holdings in SPDR Gold Shares by 29.3% in the first quarter. Hibernia Wealth Partners LLC now owns 16,165 shares of the exchange traded fund’s stock worth $4,658,000 after purchasing an additional 3,659 shares during the last quarter. PDS Planning Inc increased its position in shares of SPDR Gold Shares by 9.5% during the first quarter. PDS Planning Inc now owns 5,400 shares of the exchange traded fund’s stock worth $1,556,000 after purchasing an additional 467 shares in the last quarter. Finally, Kraft Davis & Associates LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $8,813,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $306.78 on Friday. The business has a fifty day moving average price of $306.41 and a 200-day moving average price of $278.74. SPDR Gold Shares has a 1-year low of $214.45 and a 1-year high of $317.63. The stock has a market capitalization of $102.28 billion, a price-to-earnings 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).