Prime Capital Investment Advisors LLC Invests $2.53 Million in SPDR Gold Shares (NYSEARCA:GLD)

Prime Capital Investment Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,974 shares of the exchange traded fund’s stock, valued at approximately $2,527,000.

Other institutional investors have also modified their holdings of the company. Weaver Consulting Group lifted its stake in shares of SPDR Gold Shares by 0.6% during the 2nd quarter. Weaver Consulting Group now owns 13,838 shares of the exchange traded fund’s stock valued at $1,843,000 after buying an additional 77 shares in the last quarter. Pegasus Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 1.4% during the 2nd quarter. Pegasus Asset Management Inc. now owns 5,634 shares of the exchange traded fund’s stock valued at $750,000 after buying an additional 77 shares in the last quarter. Grandview Asset Management LLC lifted its stake in shares of SPDR Gold Shares by 1.9% during the 1st quarter. Grandview Asset Management LLC now owns 5,058 shares of the exchange traded fund’s stock valued at $617,000 after buying an additional 94 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of SPDR Gold Shares by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 4,535 shares of the exchange traded fund’s stock valued at $553,000 after buying an additional 100 shares in the last quarter. Finally, Lakeview Capital Partners LLC lifted its stake in shares of SPDR Gold Shares by 1.8% during the 1st quarter. Lakeview Capital Partners LLC now owns 6,243 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 110 shares in the last quarter.

Shares of GLD traded up $2.25 during trading hours on Friday, reaching $143.65. 1,801,336 shares of the stock traded hands, compared to its average volume of 8,910,765. SPDR Gold Shares has a 52-week low of $111.85 and a 52-week high of $144.02. The company’s 50-day moving average price is $136.61 and its two-hundred day moving average price is $127.02.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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