SPDR Gold Shares $GLD Shares Sold by Williams & Novak LLC

Williams & Novak LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,724 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Williams & Novak LLC’s holdings in SPDR Gold Shares were worth $526,000 at the end of the most recent reporting period.

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

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $369.12 on Friday. The firm has a market cap of $130.59 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 $373.57. The firm’s 50 day moving average price is $330.80 and its two-hundred day moving average price is $312.55.

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).