Sequoia Financial Advisors LLC Increases Stock Holdings in SPDR Gold Shares $GLD

Sequoia Financial Advisors LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 478,370 shares of the exchange traded fund’s stock after acquiring an additional 31,019 shares during the quarter. SPDR Gold Shares comprises approximately 1.0% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 17th biggest position. Sequoia Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $145,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC raised its holdings in SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in SPDR Gold Shares in the first quarter worth $288,000. GAMMA Investing LLC raised its holdings in SPDR Gold Shares by 226.0% in the first quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 400 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in SPDR Gold Shares by 15.5% in the first quarter. Salem Investment Counselors Inc. now owns 753 shares of the exchange traded fund’s stock worth $217,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0%

GLD opened at $369.12 on Monday. The stock has a fifty day simple moving average of $330.80 and a two-hundred day simple moving average of $313.00. The company has a market cap of $130.82 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57.

SPDR Gold Shares Company 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).