Trifecta Capital Advisors LLC Purchases 2,502 Shares of SPDR Gold Shares $GLD

Trifecta Capital Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1,000.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,752 shares of the exchange traded fund’s stock after acquiring an additional 2,502 shares during the period. Trifecta Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares during the first quarter valued at about $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its stake in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.6%

GLD stock opened at $372.30 on Thursday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $373.57. The firm has a market cap of $132.46 billion, a P/E ratio of -32.43 and a beta of 0.15. The business’s 50 day moving average is $328.35 and its 200-day moving average is $311.32.

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).