SPDR Gold Shares $GLD Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 41.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,938 shares of the exchange traded fund’s stock after purchasing an additional 1,450 shares during the quarter. HBW Advisory Services LLC’s holdings in SPDR Gold Shares were worth $1,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. lifted its stake in shares of SPDR Gold Shares by 11.0% during the first 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. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 12.2% during the first 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 in the last quarter. 59 North Capital Management LP lifted its stake in shares of SPDR Gold Shares by 76.4% during the first 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. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.6% during the first 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 in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of SPDR Gold Shares by 16.5% during the first 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 in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $335.42 on Friday. The stock’s 50-day moving average is $313.29 and its two-hundred day moving average is $301.86. The stock has a market cap of $111.83 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $235.30 and a 12 month high of $338.31.

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).