SPDR Gold Shares (NYSEARCA:GLD) Position Raised by Elevatus Welath Management

Elevatus Welath Management raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 2,035.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,333 shares of the exchange traded fund’s stock after acquiring an additional 20,334 shares during the quarter. SPDR Gold Shares makes up 3.5% of Elevatus Welath Management’s portfolio, making the stock its 7th biggest holding. Elevatus Welath Management’s holdings in SPDR Gold Shares were worth $6,147,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $34,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $34,000. HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $53,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $55,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1%

NYSEARCA:GLD opened at $307.43 on Friday. SPDR Gold Shares has a 12-month low of $228.26 and a 12-month high of $317.63. The stock has a 50-day moving average price of $308.55 and a 200 day moving average price of $294.08. The stock has a market capitalization of $102.50 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).