SPDR Gold Shares $GLD Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,404 shares of the exchange traded fund’s stock after selling 130 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SPDR Gold Shares were worth $428,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in SPDR Gold Shares by 15.9% during the first quarter. Miracle Mile Advisors LLC now owns 5,811 shares of the exchange traded fund’s stock worth $1,674,000 after acquiring an additional 796 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in SPDR Gold Shares by 1.1% during the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock worth $1,027,000 after acquiring an additional 38 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in SPDR Gold Shares by 2.4% during the 1st quarter. OLD National Bancorp IN now owns 11,213 shares of the exchange traded fund’s stock valued at $3,231,000 after acquiring an additional 266 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD opened at $364.38 on Tuesday. The company’s 50 day simple moving average is $325.72 and its two-hundred day simple moving average is $310.51. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $365.30. The firm has a market capitalization of $129.65 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares 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).