Global Assets Advisory LLC Trims Stock Position in SPDR Gold Shares $GLD

Global Assets Advisory LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 59.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,279 shares of the exchange traded fund’s stock after selling 7,893 shares during the quarter. Global Assets Advisory LLC’s holdings in SPDR Gold Shares were worth $1,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares during 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 worth approximately $34,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID grew its stake in shares of 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 worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at approximately $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD opened at $357.64 on Monday. The firm has a fifty day moving average price of $324.54 and a 200 day moving average price of $309.90. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $358.67. The stock has a market cap of $126.50 billion, a P/E 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).