Narwhal Capital Management Decreases Stock Holdings in SPDR Gold Shares $GLD

Narwhal Capital Management trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 27.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,440 shares of the exchange traded fund’s stock after selling 3,919 shares during the quarter. Narwhal Capital Management’s holdings in SPDR Gold Shares were worth $3,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Ignite Planners LLC increased its stake in shares of SPDR Gold Shares by 16.0% in the second quarter. Ignite Planners LLC now owns 4,467 shares of the exchange traded fund’s stock worth $1,378,000 after buying an additional 617 shares during the period. Valmark Advisers Inc. increased its position in SPDR Gold Shares by 130.4% during the 2nd quarter. Valmark Advisers Inc. now owns 12,929 shares of the exchange traded fund’s stock valued at $3,941,000 after purchasing an additional 7,317 shares during the period. NBT Bank N A NY increased its position in SPDR Gold Shares by 10.8% during the 2nd quarter. NBT Bank N A NY now owns 10,300 shares of the exchange traded fund’s stock valued at $3,140,000 after purchasing an additional 1,008 shares during the period. Sax Wealth Advisors LLC increased its position in SPDR Gold Shares by 9.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 3,497 shares of the exchange traded fund’s stock valued at $1,066,000 after purchasing an additional 293 shares during the period. Finally, Venturi Wealth Management LLC increased its position in SPDR Gold Shares by 94.3% during the 2nd quarter. Venturi Wealth Management LLC now owns 3,450 shares of the exchange traded fund’s stock valued at $1,052,000 after purchasing an additional 1,674 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.6%

Shares of SPDR Gold Shares stock opened at $372.30 on Thursday. The company’s fifty day simple moving average is $328.35 and its two-hundred day simple moving average is $311.32. The company has a market cap of $132.46 billion, a P/E 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 $373.57.

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).