Private Wealth Partners LLC Sells 400 Shares of SPDR Gold Shares $GLD

Private Wealth Partners LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.0% in the second quarter, Holdings Channel reports. The fund owned 9,656 shares of the exchange traded fund’s stock after selling 400 shares during the quarter. Private Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $2,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $3,863,000. Reliant Investment Partners LLC boosted its position in shares of SPDR Gold Shares by 2.3% during the 2nd quarter. Reliant Investment Partners LLC now owns 2,783 shares of the exchange traded fund’s stock valued at $848,000 after acquiring an additional 63 shares during the last quarter. Wincap Financial LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $222,000. First National Trust Co boosted its position in shares of SPDR Gold Shares by 0.3% during the 2nd quarter. First National Trust Co now owns 287,106 shares of the exchange traded fund’s stock valued at $87,519,000 after acquiring an additional 922 shares during the last quarter. Finally, Redwood Park Advisors LLC boosted its position in shares of SPDR Gold Shares by 0.9% during the 2nd quarter. Redwood Park Advisors LLC now owns 31,220 shares of the exchange traded fund’s stock valued at $9,517,000 after acquiring an additional 284 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $367.01 on Tuesday. The stock’s fifty day moving average is $346.92 and its 200 day moving average is $320.72. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The firm has a market capitalization of $134.91 billion, a PE ratio of -32.43 and a beta of 0.09.

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).