Evolution Wealth Advisors LLC Sells 9,024 Shares of SPDR Gold Shares $GLD

Evolution Wealth Advisors LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 58,578 shares of the exchange traded fund’s stock after selling 9,024 shares during the quarter. SPDR Gold Shares comprises approximately 2.6% of Evolution Wealth Advisors LLC’s holdings, making the stock its 7th largest position. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $17,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID increased 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 purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $43,000. Finally, Decker Retirement Planning Inc. lifted its stake in SPDR Gold Shares by 358.8% in the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 122 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $382.87 on Friday. The company’s 50 day moving average price is $361.47 and its two-hundred day moving average price is $326.67. The firm has a market capitalization of $138.56 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

SPDR Gold Shares 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).