Sequoia Financial Advisors LLC Buys 31,019 Shares of SPDR Gold Shares $GLD

Sequoia Financial Advisors LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 478,370 shares of the exchange traded fund’s stock after purchasing an additional 31,019 shares during the period. SPDR Gold Shares makes up approximately 1.0% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 17th biggest holding. Sequoia Financial Advisors LLC owned approximately 0.14% of SPDR Gold Shares worth $145,821,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GLD. Raymond James Financial Inc. boosted its stake 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 in the last quarter. Ameriprise Financial Inc. boosted its stake 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 in the last quarter. 59 North Capital Management LP boosted its stake 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake 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 in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake 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 in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $369.12 on Monday. The firm has a market cap of $130.82 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50 day simple moving average of $330.80 and a two-hundred day simple moving average of $313.00. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $373.57.

SPDR Gold Shares 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).