SPDR Gold Shares $GLD Shares Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,477 shares of the exchange traded fund’s stock after purchasing an additional 1,339 shares during the period. SPDR Gold Shares comprises approximately 0.9% of J.Safra Asset Management Corp’s portfolio, making the stock its 18th largest holding. J.Safra Asset Management Corp’s holdings in SPDR Gold Shares were worth $11,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $34,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its stake in SPDR Gold Shares by 51.1% during the first 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 last quarter. Finally, HWG Holdings LP purchased a new stake in SPDR Gold Shares during the first quarter worth approximately $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 2.4%

GLD stock opened at $378.09 on Tuesday. The business has a 50 day moving average price of $332.14 and a 200 day moving average price of $313.66. The stock has a market cap of $134.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $378.86.

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).