Fire Capital Management LLC Sells 2,409 Shares of SPDR Gold Shares $GLD

Fire Capital Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,669 shares of the exchange traded fund’s stock after selling 2,409 shares during the quarter. SPDR Gold Shares accounts for 2.5% of Fire Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Fire Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,862,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. American National Bank & Trust raised its position in shares of SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC raised its position in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 136 shares during the period. TD Private Client Wealth LLC raised its position in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after purchasing an additional 6,540 shares during the period. Beaumont Financial Advisors LLC raised its position in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in shares of SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 835 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.7%

Shares of NYSEARCA:GLD opened at $364.38 on Wednesday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The stock’s 50 day moving average is $348.11 and its 200-day moving average is $321.23. The firm has a market capitalization of $133.95 billion, a price-to-earnings 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).