Wealth Quarterback LLC Sells 157 Shares of SPDR Gold Shares $GLD

Wealth Quarterback LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,628 shares of the exchange traded fund’s stock after selling 157 shares during the period. Wealth Quarterback LLC’s holdings in SPDR Gold Shares were worth $1,411,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID raised its stake in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares in the second quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. lifted its position in SPDR Gold Shares by 358.8% during the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 122 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.4%

Shares of SPDR Gold Shares stock opened at $379.87 on Wednesday. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The company has a market capitalization of $137.47 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm’s 50-day moving average price is $359.18 and its two-hundred day moving average price is $325.86.

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).