SPDR Gold Shares $GLD Stake Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 32.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,893 shares of the exchange traded fund’s stock after purchasing an additional 1,201 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GLD. Raymond James Financial Inc. increased its stake in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the period. Ameriprise Financial Inc. grew its position in 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 buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP boosted its stake in SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares during the period. Envestnet Asset Management Inc. boosted its stake in SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after purchasing an additional 161,638 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $356.03 on Thursday. The company has a 50 day moving average price of $322.65 and a 200 day moving average price of $308.43. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $356.97. The firm has a market capitalization of $118.70 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).