SPDR Gold Shares $GLD Stock Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.9% during the second quarter, HoldingsChannel.com reports. The fund owned 478,370 shares of the exchange traded fund’s stock after buying an additional 31,019 shares during the period. SPDR Gold Shares makes up approximately 0.4% of Sequoia Financial Advisors LLC’s holdings, making the stock its 18th biggest position. Sequoia Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $145,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. American National Bank & Trust increased its holdings in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC grew its position in SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 215 shares during the period. TD Private Client Wealth LLC increased its stake in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after buying an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in SPDR Gold Shares by 151.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 835 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.8%

SPDR Gold Shares stock opened at $375.96 on Friday. SPDR Gold Shares has a 12 month low of $236.33 and a 12 month high of $403.30. The stock has a market cap of $136.06 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s fifty day simple moving average is $362.36 and its 200-day simple moving average is $327.28.

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).