Copia Wealth Management Sells 1,768 Shares of SPDR Gold Shares $GLD

Copia Wealth Management lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,528 shares of the exchange traded fund’s stock after selling 1,768 shares during the period. SPDR Gold Shares makes up 3.5% of Copia Wealth Management’s investment portfolio, making the stock its 5th biggest holding. Copia Wealth Management’s holdings in SPDR Gold Shares were worth $4,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mutual Advisors LLC raised its holdings in shares of SPDR Gold Shares by 20.1% during the second quarter. Mutual Advisors LLC now owns 22,664 shares of the exchange traded fund’s stock valued at $6,967,000 after purchasing an additional 3,794 shares during the period. Harbour Investments Inc. raised its holdings in shares of SPDR Gold Shares by 4.4% in the 2nd quarter. Harbour Investments Inc. now owns 61,398 shares of the exchange traded fund’s stock worth $18,716,000 after acquiring an additional 2,598 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in SPDR Gold Shares by 2.9% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,357 shares of the exchange traded fund’s stock valued at $1,938,000 after acquiring an additional 181 shares in the last quarter. Cypress Wealth Services LLC lifted its position in SPDR Gold Shares by 15.6% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $474,000 after acquiring an additional 210 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in SPDR Gold Shares by 3.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 39,477 shares of the exchange traded fund’s stock valued at $11,891,000 after acquiring an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $380.79 on Wednesday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $382.38. The stock has a market cap of $134.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s 50-day simple moving average is $333.54 and its 200 day simple moving average is $314.13.

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).