First Foundation Advisors Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First Foundation Advisors increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,046 shares of the exchange traded fund’s stock after purchasing an additional 62 shares during the quarter. First Foundation Advisors’ holdings in SPDR Gold Shares were worth $1,300,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GLD. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares in the 4th quarter valued at $27,000. Finally, Private Ocean LLC increased its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $231.59 on Tuesday. The firm has a fifty day moving average price of $225.75 and a 200-day moving average price of $216.30. 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).