SPDR Gold Shares $GLD Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,258 shares of the exchange traded fund’s stock after selling 5,405 shares during the quarter. SPDR Gold Shares comprises approximately 1.2% of Balboa Wealth Partners’ holdings, making the stock its 16th largest position. Balboa Wealth Partners’ holdings in SPDR Gold Shares were worth $5,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter worth $30,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its position in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $388.99 on Monday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $397.28. The stock’s fifty day moving average is $338.26 and its 200-day moving average is $316.48. The company has a market capitalization of $138.95 billion, a PE ratio of -32.43 and a beta of 0.15.

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).