Bulltick Wealth Management LLC Purchases New Position in SPDR Gold Shares (NYSEARCA:GLD)

Bulltick Wealth Management LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,207 shares of the exchange traded fund’s stock, valued at approximately $260,000.

Other hedge funds also recently bought and sold shares of the company. TPG Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $335,000. Garden State Investment Advisory Services LLC increased its holdings in SPDR Gold Shares by 3.4% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 4,516 shares of the exchange traded fund’s stock valued at $971,000 after purchasing an additional 149 shares during the period. AE Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 37.6% during the second quarter. AE Wealth Management LLC now owns 95,196 shares of the exchange traded fund’s stock valued at $20,468,000 after acquiring an additional 26,023 shares in the last quarter. WealthTrust Asset Management LLC lifted its position in shares of SPDR Gold Shares by 3.3% in the 2nd quarter. WealthTrust Asset Management LLC now owns 11,573 shares of the exchange traded fund’s stock worth $2,488,000 after purchasing an additional 372 shares during the period. Finally, DCF Advisers LLC boosted its position in SPDR Gold Shares by 29.4% during the 2nd quarter. DCF Advisers LLC now owns 22,000 shares of the exchange traded fund’s stock valued at $4,730,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA:GLD opened at $242.21 on Friday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $242.63. The firm’s 50-day moving average price is $228.91 and its 200-day moving average price is $218.86.

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).