Secured Retirement Advisors LLC Has $334,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Secured Retirement Advisors LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 56.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,158 shares of the exchange traded fund’s stock after selling 1,512 shares during the period. Secured Retirement Advisors LLC’s holdings in SPDR Gold Shares were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC lifted its position in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after acquiring an additional 388 shares in the last quarter. Marmo Financial Group LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $218,000. Lloyd Advisory Services LLC. acquired a new position in SPDR Gold Shares during the first quarter worth approximately $217,000. Horizon Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 61.6% during the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after acquiring an additional 31,514 shares during the last quarter. Finally, Lake Hills Wealth Management LLC lifted its holdings in SPDR Gold Shares by 69.5% during the 1st quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock valued at $10,339,000 after purchasing an additional 14,717 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $309.14 on Friday. The company has a fifty day moving average price of $306.53 and a two-hundred day moving average price of $283.77. SPDR Gold Shares has a one year low of $217.52 and a one year high of $317.63. The stock has a market cap of $102.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).