Elevation Point Wealth Partners LLC Has $6.62 Million Holdings in SPDR Gold Shares $GLD

Elevation Point Wealth Partners LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 21,719 shares of the exchange traded fund’s stock after acquiring an additional 186 shares during the period. Elevation Point Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $6,621,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GLD. Laurel Wealth Advisors LLC grew its holdings in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the period. Ameriprise Financial Inc. grew its stake in SPDR Gold Shares by 12.2% in 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 buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP raised its holdings in SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in 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 last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $383.12 on Thursday. The company has a market cap of $138.65 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock’s 50-day moving average is $368.84 and its 200-day moving average is $331.27. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30.

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).