Alpha Cubed Investments LLC Has $830,000 Stake in SPDR Gold Shares $GLD

Alpha Cubed Investments LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,722 shares of the exchange traded fund’s stock after acquiring an additional 146 shares during the quarter. Alpha Cubed Investments LLC’s holdings in SPDR Gold Shares were worth $830,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of SPDR Gold Shares by 5.8% during the 2nd quarter. Allworth Financial LP now owns 115,508 shares of the exchange traded fund’s stock worth $35,210,000 after acquiring an additional 6,323 shares during the period. Hughes Financial Services LLC bought a new position in SPDR Gold Shares during the second quarter worth $155,000. Fountainhead AM LLC increased its holdings in shares of SPDR Gold Shares by 9.4% in the second quarter. Fountainhead AM LLC now owns 3,748 shares of the exchange traded fund’s stock valued at $1,143,000 after purchasing an additional 322 shares during the last quarter. Fidelis Capital Partners LLC raised its position in shares of SPDR Gold Shares by 0.4% in the second quarter. Fidelis Capital Partners LLC now owns 51,258 shares of the exchange traded fund’s stock valued at $15,916,000 after purchasing an additional 229 shares during the period. Finally, Summit X LLC raised its position in shares of SPDR Gold Shares by 2.5% in the second quarter. Summit X LLC now owns 7,361 shares of the exchange traded fund’s stock valued at $2,244,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $378.38 on Tuesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The company has a market capitalization of $136.94 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50-day simple moving average of $358.10 and a 200 day simple moving average of $325.33.

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).