Balanced Wealth Group LLC Sells 679 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Balanced Wealth Group LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,721 shares of the exchange traded fund’s stock after selling 679 shares during the quarter. SPDR Gold Shares makes up approximately 1.1% of Balanced Wealth Group LLC’s portfolio, making the stock its 18th largest holding. Balanced Wealth Group LLC’s holdings in SPDR Gold Shares were worth $2,225,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its position in SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after buying an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth $401,829,000. Wealthfront Advisers LLC increased its holdings in SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in SPDR Gold Shares in the 4th quarter worth about $145,278,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5%

NYSEARCA GLD opened at $308.37 on Thursday. The company has a market cap of $100.84 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The firm’s 50-day simple moving average is $301.98 and its two-hundred day simple moving average is $273.69.

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).