Laurel Wealth Advisors LLC Sells 220 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Laurel Wealth Advisors LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,327 shares of the exchange traded fund’s stock after selling 220 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLD. Tallon Kerry Patrick bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $547,000. Ironwood Wealth Management LLC. raised its stake in shares of SPDR Gold Shares by 8.5% in the fourth quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 93 shares during the period. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $7,794,000. Finally, Empirical Finance LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $471,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $306.71 on Wednesday. The firm has a market cap of $100.29 billion, a PE ratio of -32.43 and a beta of 0.11. The stock’s fifty day moving average price is $301.41 and its two-hundred day moving average price is $273.45. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63.

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).