SPDR Gold Shares $GLD Shares Purchased by Narus Financial Partners LLC

Narus Financial Partners LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 19.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,614 shares of the exchange traded fund’s stock after purchasing an additional 4,863 shares during the period. SPDR Gold Shares makes up 2.8% of Narus Financial Partners LLC’s holdings, making the stock its 2nd largest position. Narus Financial Partners LLC’s holdings in SPDR Gold Shares were worth $9,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its stake 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 worth $594,616,000 after purchasing an additional 204,676 shares during the period. Ameriprise Financial Inc. lifted its position in SPDR Gold Shares by 12.2% during the 1st 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 in the last quarter. 59 North Capital Management LP lifted its position in SPDR Gold Shares by 76.4% during the 1st 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Gold Shares by 9.6% during the 1st 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 in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in SPDR Gold Shares by 16.5% during the 1st 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 in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $339.18 on Monday. The company’s 50-day moving average price is $316.45 and its two-hundred day moving average price is $304.59. SPDR Gold Shares has a one year low of $236.13 and a one year high of $341.24. The stock has a market capitalization of $113.08 billion, a PE 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).