Pallas Capital Advisors LLC Has $1.05 Million Stock Position in SPDR Gold Shares $GLD

Pallas Capital Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,429 shares of the exchange traded fund’s stock after selling 42 shares during the period. Pallas Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,045,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at $34,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its stake in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares during the 1st quarter worth $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $335.62 on Friday. The company has a fifty day moving average price of $315.85 and a 200-day moving average price of $303.62. The firm has a market cap of $111.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $341.24.

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).