Secure Asset Management LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Secure Asset Management LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 104.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,197 shares of the exchange traded fund’s stock after buying an additional 2,650 shares during the quarter. Secure Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the second quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares in the 1st quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new stake in SPDR Gold Shares in the fourth quarter worth approximately $27,000. Finally, Security National Bank bought a new position in SPDR Gold Shares during the first quarter valued at approximately $28,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $2.65 during trading on Friday, hitting $232.02. 5,360,301 shares of the company’s stock traded hands, compared to its average volume of 7,195,282. The stock has a fifty day moving average of $222.11 and a two-hundred day moving average of $212.47. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $234.01.

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).