Secured Retirement Advisors LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 26.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850 shares of the exchange traded fund’s stock after selling 308 shares during the period. Secured Retirement Advisors LLC’s holdings in SPDR Gold Shares were worth $259,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.5%
NYSEARCA GLD opened at $366.26 on Wednesday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $367.27. The stock has a 50-day simple moving average of $326.92 and a 200 day simple moving average of $310.89. The company has a market capitalization of $130.32 billion, a PE 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).
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