San Luis Wealth Advisors LLC Acquires 155 Shares of SPDR Gold Shares $GLD

San Luis Wealth Advisors LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the second quarter, HoldingsChannel reports. The fund owned 6,540 shares of the exchange traded fund’s stock after acquiring an additional 155 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC grew its stake in SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the period. American National Bank & Trust lifted its position in SPDR Gold Shares by 52.4% during 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. Marmo Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $218,000. StrongBox Wealth LLC increased its position in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of SPDR Gold Shares during the first quarter valued at about $217,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.6%

Shares of NYSEARCA GLD opened at $346.74 on Friday. The firm has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s 50-day simple moving average is $320.20 and its two-hundred day simple moving average is $307.01. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $348.75.

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).