Octavia Wealth Advisors LLC Boosts Stake in SPDR Gold Shares $GLD

Octavia Wealth Advisors LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,396 shares of the exchange traded fund’s stock after acquiring an additional 121 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.9%

GLD opened at $343.32 on Thursday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $348.75. The company has a 50-day moving average price of $318.69 and a 200 day moving average price of $305.68. The company has a market cap of $114.46 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).