Corient Private Wealth LLC Raises Stock Position in SPDR Gold Shares $GLD

Corient Private Wealth LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 533,382 shares of the exchange traded fund’s stock after acquiring an additional 15,659 shares during the period. Corient Private Wealth LLC’s holdings in SPDR Gold Shares were worth $162,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. National Wealth Management Group LLC lifted its holdings in SPDR Gold Shares by 1.5% in the second quarter. National Wealth Management Group LLC now owns 7,071 shares of the exchange traded fund’s stock valued at $2,155,000 after acquiring an additional 102 shares during the last quarter. Caldwell Trust Co purchased a new stake in SPDR Gold Shares in the second quarter valued at $614,000. Watts Gwilliam & Co. LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $270,000. Canal Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 74.0% during the 2nd quarter. Canal Capital Management LLC now owns 5,105 shares of the exchange traded fund’s stock worth $1,556,000 after purchasing an additional 2,171 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in shares of SPDR Gold Shares by 23.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 12,640 shares of the exchange traded fund’s stock worth $3,853,000 after purchasing an additional 2,387 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

Shares of GLD opened at $395.44 on Monday. The company’s 50-day moving average price is $378.47 and its 200 day moving average price is $338.80. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30. The firm has a market cap of $143.11 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).