Custos Family Office LLC Increases Stock Holdings in SPDR Gold Shares $GLD

Custos Family Office LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,076 shares of the exchange traded fund’s stock after purchasing an additional 58 shares during the period. Custos Family Office LLC’s holdings in SPDR Gold Shares were worth $328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. boosted its position 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 worth $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 worth $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP raised its stake in shares of 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 worth $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 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 worth $350,914,000 after buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of 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 worth $328,970,000 after buying an additional 161,638 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.3%

NYSEARCA GLD opened at $354.79 on Friday. The stock’s 50-day moving average price is $323.54 and its 200-day moving average price is $308.97. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $358.67. The company has a market capitalization of $125.49 billion, a P/E ratio of -32.43 and a beta of 0.15.

About SPDR Gold Shares

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).