Axxcess Wealth Management LLC Has $12.23 Million Position in SPDR Gold Shares $GLD

Axxcess Wealth Management LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,121 shares of the exchange traded fund’s stock after acquiring an additional 80 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR Gold Shares were worth $12,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GLD. DAVENPORT & Co LLC lifted its stake in SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP lifted its stake in SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after acquiring an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after acquiring an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at $120,429,000. Finally, Raymond James Financial Inc. lifted its stake in SPDR Gold Shares by 11.0% in 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 last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $378.09 on Tuesday. The firm has a 50-day moving average of $332.14 and a 200-day moving average of $313.66. The stock has a market cap of $134.00 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $378.86.

About SPDR Gold Shares

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).