Beaumont Financial Advisors LLC Raises Stock Holdings in SPDR Gold Shares $GLD

Beaumont Financial Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the second quarter, HoldingsChannel.com reports. The fund owned 3,509 shares of the exchange traded fund’s stock after acquiring an additional 215 shares during the period. Beaumont Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GLD. Raymond James Financial Inc. increased its position in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. increased its position in SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares during the last quarter. 59 North Capital Management LP increased its position in SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after buying an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $346.74 on Friday. The business has a fifty day simple moving average of $320.20 and a two-hundred day simple moving average of $306.75. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $348.75. The company has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

About SPDR Gold Shares

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).