SPDR Gold Shares (NYSEARCA:GLD) Stake Raised by Waverton Investment Management Ltd

Waverton Investment Management Ltd increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,525 shares of the exchange traded fund’s stock after buying an additional 3,730 shares during the quarter. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $13,659,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bordeaux Wealth Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $215,000. Meridian Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 4.1% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 5,861 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 231 shares in the last quarter. Range Financial Group LLC boosted its stake in SPDR Gold Shares by 2.4% during the 2nd quarter. Range Financial Group LLC now owns 2,143 shares of the exchange traded fund’s stock valued at $461,000 after purchasing an additional 50 shares in the last quarter. Vance Wealth Inc. raised its stake in shares of SPDR Gold Shares by 6.2% in the 2nd quarter. Vance Wealth Inc. now owns 1,632 shares of the exchange traded fund’s stock worth $351,000 after buying an additional 95 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of SPDR Gold Shares by 73.6% in the 2nd quarter. Strategy Asset Managers LLC now owns 2,612 shares of the exchange traded fund’s stock worth $562,000 after buying an additional 1,107 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.8 %

NYSEARCA GLD opened at $232.35 on Friday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $234.01. The business’s fifty day moving average is $225.12 and its two-hundred day moving average is $215.28.

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).