Vestmark Advisory Solutions Inc. Purchases Shares of 4,905 SPDR Gold Shares $GLD

Vestmark Advisory Solutions Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,905 shares of the exchange traded fund’s stock, valued at approximately $1,495,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Brighton Jones LLC lifted its stake 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 valued at $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. Diversify Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 14.4% in the 1st quarter. Diversify Wealth Management LLC now owns 3,168 shares of the exchange traded fund’s stock valued at $970,000 after purchasing an additional 398 shares during the period. Kathmere Capital Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $239,000. Finally, 3EDGE Asset Management LP bought a new position in SPDR Gold Shares during the first quarter worth about $230,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.6%

NYSEARCA:GLD opened at $368.31 on Monday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The firm has a market capitalization of $133.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average price is $356.89 and its two-hundred day moving average price is $324.83.

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).