Defined Financial Planning LLC Lowers Stock Position in SPDR Gold Shares $GLD

Defined Financial Planning LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 54.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,778 shares of the exchange traded fund’s stock after selling 2,149 shares during the period. Defined Financial Planning LLC’s holdings in SPDR Gold Shares were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the first quarter valued at $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $34,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID increased its position 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 valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.9%

Shares of NYSEARCA GLD opened at $364.38 on Tuesday. The stock’s 50-day moving average is $325.72 and its 200 day moving average is $310.51. The stock has a market cap of $129.65 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 $365.30.

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).