SpringVest Wealth Management LLC Has $1.92 Million Stock Holdings in SPDR Gold Shares $GLD

SpringVest Wealth Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,297 shares of the exchange traded fund’s stock after purchasing an additional 634 shares during the period. SPDR Gold Shares accounts for 1.6% of SpringVest Wealth Management LLC’s portfolio, making the stock its 17th largest holding. SpringVest Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its stake in shares of SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares during the last quarter. 59 North Capital Management LP grew its stake in shares of 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 during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 9.6% in the first 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 last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 16.5% in the first 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. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6%

Shares of SPDR Gold Shares stock opened at $372.30 on Thursday. The company’s fifty day simple moving average is $328.35 and its 200-day simple moving average is $311.32. The company has a market cap of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $373.57.

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).