Primoris Wealth Advisors LLC Purchases 2,095 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Primoris Wealth Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,175 shares of the exchange traded fund’s stock after acquiring an additional 2,095 shares during the quarter. SPDR Gold Shares makes up about 2.8% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Primoris Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $3,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norden Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $436,000. TCI Wealth Advisors Inc. grew its position in shares of SPDR Gold Shares by 5.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,525 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 83 shares in the last quarter. Reynders McVeigh Capital Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $725,000. RPG Investment Advisory LLC grew its position in SPDR Gold Shares by 7.8% during the first quarter. RPG Investment Advisory LLC now owns 4,133 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 300 shares in the last quarter. Finally, WMG Financial Advisors LLC increased its stake in SPDR Gold Shares by 1.5% during the 1st quarter. WMG Financial Advisors LLC now owns 3,482 shares of the exchange traded fund’s stock worth $716,000 after acquiring an additional 52 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $1.69 during trading on Friday, reaching $247.96. 6,267,916 shares of the company traded hands, compared to its average volume of 6,648,819. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71. The company’s 50 day moving average is $244.18 and its two-hundred day moving average is $228.61.

SPDR Gold Shares 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).