SPDR Gold Shares $GLD Stock Holdings Boosted by Obermeyer Wealth Partners

Obermeyer Wealth Partners lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 13.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,158 shares of the exchange traded fund’s stock after acquiring an additional 1,526 shares during the quarter. Obermeyer Wealth Partners’ holdings in SPDR Gold Shares were worth $4,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. 59 North Capital Management LP grew its position in SPDR Gold Shares by 76.4% in the first 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of SPDR Gold Shares by 604.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in SPDR Gold Shares in the second quarter worth $120,429,000. TD Asset Management Inc increased its position in SPDR Gold Shares by 108.4% during the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after buying an additional 356,401 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $368.12 on Monday. The stock has a market capitalization of $133.22 billion, a P/E ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average of $351.61 and a two-hundred day moving average of $322.80. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

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).