One Day In July LLC Has $617,000 Position in SPDR Gold Shares $GLD

One Day In July LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 47.5% during the second quarter, HoldingsChannel reports. The firm owned 2,025 shares of the exchange traded fund’s stock after buying an additional 652 shares during the quarter. One Day In July LLC’s holdings in SPDR Gold Shares were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. boosted 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 purchasing an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 169,005 shares in the last quarter. 59 North Capital Management LP boosted its stake in shares of 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 valued at $363,977,000 after purchasing an additional 547,018 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in 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 buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC boosted 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 buying an additional 161,638 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $363.00 on Thursday. The firm’s 50 day simple moving average is $349.20 and its 200 day simple moving average is $321.68. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The company has a market cap of $133.44 billion, a PE 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).