Pure Financial Advisors LLC Buys 474 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Pure Financial Advisors LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,663 shares of the exchange traded fund’s stock after acquiring an additional 474 shares during the quarter. Pure Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares in the last quarter. Sprott Inc. boosted its stake in SPDR Gold Shares by 11.0% during the fourth quarter. Sprott Inc. now owns 3,829 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 379 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth $902,000. Lake Street Advisors Group LLC boosted its stake in SPDR Gold Shares by 304.8% during the fourth quarter. Lake Street Advisors Group LLC now owns 20,724 shares of the exchange traded fund’s stock worth $5,018,000 after buying an additional 15,605 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its stake in SPDR Gold Shares by 53.6% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 2,322 shares of the exchange traded fund’s stock worth $562,000 after buying an additional 810 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $307.12 on Thursday. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week high of $317.63. The firm’s fifty day moving average price is $306.39 and its two-hundred day moving average price is $278.32. The company has a market capitalization of $100.43 billion, a P/E ratio of -32.43 and a beta of 0.11.

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).