Centennial Wealth Advisory LLC Has $2.37 Million Stock Position in SPDR Gold Shares $GLD

Centennial Wealth Advisory LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the second quarter, HoldingsChannel reports. The fund owned 7,757 shares of the exchange traded fund’s stock after selling 479 shares during the quarter. SPDR Gold Shares accounts for about 0.8% of Centennial Wealth Advisory LLC’s investment portfolio, making the stock its 26th biggest holding. Centennial Wealth Advisory LLC’s holdings in SPDR Gold Shares were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC raised its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares in the last quarter. GAMMA Investing LLC boosted its position in SPDR Gold Shares by 93,830.5% during the first quarter. GAMMA Investing LLC now owns 166,257 shares of the exchange traded fund’s stock valued at $47,905,000 after buying an additional 166,080 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 9.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $361,000 after acquiring an additional 104 shares during the period. Finally, JGP Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth approximately $294,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6%

GLD stock opened at $352.46 on Tuesday. The firm’s 50-day moving average price is $320.98 and its two-hundred day moving average price is $307.77. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $352.83. The stock has a market capitalization of $117.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Company 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).