SPDR Gold Shares $GLD Shares Sold by Westshore Wealth LLC

Westshore Wealth LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,580 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Westshore Wealth LLC’s holdings in SPDR Gold Shares were worth $1,091,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Affinity Capital Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $205,000. Westbourne Investments Inc. raised its holdings in shares of SPDR Gold Shares by 1.5% in the 2nd quarter. Westbourne Investments Inc. now owns 10,359 shares of the exchange traded fund’s stock valued at $3,158,000 after purchasing an additional 155 shares in the last quarter. StrongBox Wealth LLC raised its holdings in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $225,000. Finally, Post Resch Tallon Group Inc. raised its holdings in shares of SPDR Gold Shares by 3.4% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 2,257 shares of the exchange traded fund’s stock valued at $688,000 after purchasing an additional 75 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.2%

Shares of GLD opened at $339.59 on Wednesday. SPDR Gold Shares has a twelve month low of $235.30 and a twelve month high of $340.88. The firm’s fifty day simple moving average is $314.63 and its 200-day simple moving average is $302.91. The firm has a market capitalization of $113.22 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).