Cabot Wealth Management Inc. Has $5.31 Million Position in SPDR Gold Shares $GLD

Cabot Wealth Management Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,422 shares of the exchange traded fund’s stock after selling 473 shares during the period. Cabot Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $5,311,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID raised its position 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 buying an additional 46 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $56,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $377.52 on Friday. The company has a 50-day simple moving average of $345.72 and a 200-day simple moving average of $319.91. The firm has a market capitalization of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.

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).