Consilium Wealth Advisory LLC Reduces Stock Position in SPDR Gold Shares $GLD

Consilium Wealth Advisory LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 94.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,381 shares of the exchange traded fund’s stock after selling 21,498 shares during the period. Consilium Wealth Advisory LLC’s holdings in SPDR Gold Shares were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its position in shares of SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after purchasing an additional 896,836 shares during the last quarter. 59 North Capital Management LP grew its position in shares of SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $120,429,000. Finally, Raymond James Financial Inc. grew its position in shares of SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $357.64 on Friday. The company’s 50 day simple moving average is $324.54 and its 200-day simple moving average is $309.50. The firm has a market capitalization of $126.50 billion, a PE ratio of -32.43 and a beta of 0.15. 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).