SPDR Gold Shares $GLD is Genesis Private Wealth LLC’s 4th Largest Position

Genesis Private Wealth LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,170 shares of the exchange traded fund’s stock after purchasing an additional 54 shares during the quarter. SPDR Gold Shares accounts for about 4.0% of Genesis Private Wealth LLC’s portfolio, making the stock its 4th biggest position. Genesis Private Wealth LLC’s holdings in SPDR Gold Shares were worth $8,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DAVENPORT & Co LLC boosted its holdings in SPDR Gold Shares by 105.3% during 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 lifted its position 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 valued at $363,977,000 after purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $120,429,000. Finally, Raymond James Financial Inc. increased its stake 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 valued at $594,616,000 after buying an additional 204,676 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $346.74 on Monday. The firm has a market cap of $115.60 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $348.75. The firm has a 50-day moving average price of $320.20 and a two-hundred day moving average price of $307.23.

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).