San Luis Wealth Advisors LLC Grows Position in SPDR Gold Shares $GLD

San Luis Wealth Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,540 shares of the exchange traded fund’s stock after acquiring an additional 155 shares during the period. San Luis Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth about $34,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares during the first quarter worth $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $346.74 on Friday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $348.75. The stock has a market cap of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The firm has a fifty day moving average price of $320.20 and a 200 day moving average price of $307.01.

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).