Valeo Financial Advisors LLC Acquires 2,387 Shares of SPDR Gold Shares $GLD

Valeo Financial Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,640 shares of the exchange traded fund’s stock after acquiring an additional 2,387 shares during the quarter. Valeo Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $3,853,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLD. Laurel Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares during the period. 59 North Capital Management LP increased its holdings in shares of 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 during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $120,429,000. Finally, TD Asset Management Inc boosted its holdings in SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after acquiring an additional 356,401 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $395.44 on Monday. The stock’s 50 day simple moving average is $378.47 and its 200 day simple moving average is $338.80. The firm has a market cap of $143.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30.

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).