LLBH Private Wealth Management LLC purchased a new stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, Holdings Channel reports. The firm purchased 8,961 shares of the exchange traded fund’s stock, valued at approximately $1,058,000. SPDR Gold Trust comprises approximately 0.4% of LLBH Private Wealth Management LLC’s holdings, making the stock its 28th largest position.

Other large investors have also added to or reduced their stakes in the company. Clear Harbor Asset Management LLC increased its position in shares of SPDR Gold Trust by 0.3% in the second quarter. Clear Harbor Asset Management LLC now owns 4,373 shares of the exchange traded fund’s stock worth $507,000 after buying an additional 15 shares during the period. Denver Investment Advisors LLC increased its position in shares of SPDR Gold Trust by 0.7% in the second quarter. Denver Investment Advisors LLC now owns 2,750 shares of the exchange traded fund’s stock worth $325,000 after buying an additional 20 shares during the period. Norris Perne & French LLP MI increased its position in shares of SPDR Gold Trust by 0.7% in the second quarter. Norris Perne & French LLP MI now owns 3,375 shares of the exchange traded fund’s stock worth $398,000 after buying an additional 25 shares during the period. Valmark Advisers Inc. increased its position in shares of SPDR Gold Trust by 3.0% in the second quarter. Valmark Advisers Inc. now owns 2,547 shares of the exchange traded fund’s stock worth $301,000 after buying an additional 74 shares during the period. Finally, Bellecapital International Ltd. increased its position in shares of SPDR Gold Trust by 0.5% in the second quarter. Bellecapital International Ltd. now owns 19,361 shares of the exchange traded fund’s stock worth $2,285,000 after buying an additional 95 shares during the period.

SPDR Gold Trust (GLD) opened at 121.92 on Tuesday. SPDR Gold Trust has a 52 week low of $107.00 and a 52 week high of $129.26. The company’s 50 day moving average price is $118.73 and its 200-day moving average price is $118.68.

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About SPDR Gold Trust

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).

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Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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