EP Wealth Advisors LLC Invests $246,000 in SPDR Gold Shares (NYSEARCA:GLD)

EP Wealth Advisors LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,236 shares of the exchange traded fund’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tucker Asset Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $25,000. Mendota Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at $27,000. Freedom Wealth Alliance LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $28,000. Cary Street Partners Asset Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $34,000. Finally, First Command Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $36,000. Institutional investors own 40.99% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of NYSEARCA GLD opened at $179.38 on Tuesday. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36. The business has a fifty day simple moving average of $179.30 and a 200-day simple moving average of $181.13.

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).