Cove Private Wealth LLC Buys 3,885 Shares of SPDR Gold Shares $GLD

Cove Private Wealth LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 107.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,485 shares of the exchange traded fund’s stock after acquiring an additional 3,885 shares during the quarter. Cove Private Wealth LLC’s holdings in SPDR Gold Shares were worth $2,282,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% in the 1st 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. increased its holdings in shares of SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after purchasing an additional 169,005 shares during the period. 59 North Capital Management LP increased its holdings in shares of SPDR Gold Shares by 76.4% during the first 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. increased its holdings in shares of SPDR Gold Shares by 9.6% during the first 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 increased its holdings in shares of SPDR Gold Shares by 16.5% during the first 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. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.6%

Shares of GLD opened at $346.74 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $348.75. The firm’s 50 day moving average is $320.20 and its 200-day moving average is $306.75. The stock has a market capitalization of $115.60 billion, a PE 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).