Beverly Hills Private Wealth LLC Boosts Holdings in SPDR Gold Shares $GLD

Beverly Hills Private Wealth LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,101 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. Beverly Hills Private Wealth LLC’s holdings in SPDR Gold Shares were worth $336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Securities Inc. increased its stake in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after acquiring an additional 33 shares in the last quarter. TPG Advisors LLC increased its stake in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 33 shares in the last quarter. Mather Group LLC. increased its stake in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 34 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after acquiring an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC increased its stake in shares of SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 35 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $403.15 on Tuesday. The company has a 50-day moving average of $340.15 and a 200 day moving average of $317.34. The firm has a market cap of $144.01 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 $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).