Affinity Capital Advisors LLC Purchases Shares of 671 SPDR Gold Shares $GLD

Affinity Capital Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, HoldingsChannel reports. The fund bought 671 shares of the exchange traded fund’s stock, valued at approximately $205,000.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. grew its position in SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings 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 valued at $450,902,000 after acquiring an additional 169,005 shares during the period. 59 North Capital Management LP lifted its holdings 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 valued at $363,977,000 after acquiring an additional 547,018 shares during the period. Envestnet Asset Management Inc. lifted its holdings 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 valued at $350,914,000 after acquiring an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings 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 valued at $328,970,000 after acquiring an additional 161,638 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $339.59 on Wednesday. SPDR Gold Shares has a one year low of $235.30 and a one year high of $340.88. The business has a fifty day moving average of $314.63 and a two-hundred day moving average of $302.91. The company has a market cap of $113.22 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).