SPDR Gold Shares $GLD Shares Sold by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,170 shares of the exchange traded fund’s stock after selling 130 shares during the period. Asset Advisors Investment Management LLC’s holdings in SPDR Gold Shares were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth $34,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in the first 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 acquired a new stake in SPDR Gold Shares in the first quarter valued at $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $354.79 on Friday. The stock has a market capitalization of $125.49 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average price is $323.54 and its 200 day moving average price is $308.97. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $358.67.

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).