Boyum Wealth Architects LLC Acquires New Stake in SPDR Gold Shares $GLD

Boyum Wealth Architects LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 820 shares of the exchange traded fund’s stock, valued at approximately $250,000.

Several other hedge funds have also recently added to or reduced their stakes in GLD. Raymond James Financial Inc. lifted its stake in shares of 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 acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Gold Shares by 12.2% during the 1st 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 period. 59 North Capital Management LP increased its holdings in SPDR Gold Shares by 76.4% during the 1st 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 period. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after acquiring an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 16.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after acquiring an additional 161,638 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $338.91 on Tuesday. The business’s 50 day moving average price is $313.92 and its two-hundred day moving average price is $302.65. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $339.28. The company has a market capitalization of $112.99 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Company 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).