EQ Wealth Advisors LLC Has $285,000 Holdings in SPDR Gold Shares $GLD

EQ Wealth Advisors LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 934 shares of the exchange traded fund’s stock after selling 38 shares during the quarter. EQ Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $285,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Management LLC increased its position in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares during the last quarter. American National Bank & Trust boosted its stake in shares of 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 worth $89,000 after acquiring an additional 100 shares in the last quarter. StrongBox Wealth LLC boosted its stake in shares of 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 worth $453,000 after acquiring an additional 136 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of 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 worth $15,618,000 after acquiring an additional 6,540 shares in the last quarter. Finally, Beaumont Financial Advisors LLC boosted its stake in shares of SPDR Gold Shares by 6.5% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $380.79 on Wednesday. The company has a market cap of $134.95 billion, a PE ratio of -32.43 and a beta of 0.15. The stock has a 50-day moving average of $333.54 and a 200-day moving average of $314.13. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $382.38.

About SPDR Gold Shares

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).