GFS Advisors LLC Invests $2.18 Million in SPDR Gold Shares $GLD

GFS Advisors LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, Holdings Channel.com reports. The firm bought 7,135 shares of the exchange traded fund’s stock, valued at approximately $2,175,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after purchasing an additional 169,005 shares during the last quarter. 59 North Capital Management LP lifted its stake in SPDR Gold Shares by 76.4% in 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 during the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after purchasing an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after purchasing an additional 161,638 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0%

SPDR Gold Shares stock opened at $369.12 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57. The business’s 50 day simple moving average is $330.80 and its 200 day simple moving average is $312.79. The company has a market cap of $130.59 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).