SPDR Gold Shares $GLD Stake Trimmed by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,862 shares of the exchange traded fund’s stock after selling 44 shares during the quarter. JFS Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC raised its stake in SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after purchasing an additional 388 shares during the period. American National Bank & Trust raised its stake in SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. Marmo Financial Group LLC acquired a new stake in SPDR Gold Shares during the 1st quarter valued at $218,000. StrongBox Wealth LLC raised its stake in SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after purchasing an additional 6,540 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.0%

Shares of NYSEARCA:GLD opened at $369.12 on Friday. The company’s fifty day moving average is $330.80 and its two-hundred day moving average is $312.55. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The company has a market cap of $130.59 billion, a P/E 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).