Firestone Capital Management Trims Stock Holdings in SPDR Gold Shares $GLD

Firestone Capital Management reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,921 shares of the exchange traded fund’s stock after selling 1,097 shares during the period. Firestone Capital Management’s holdings in SPDR Gold Shares were worth $2,415,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in shares of 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 valued at $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. boosted its holdings 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 buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.8%

Shares of SPDR Gold Shares stock opened at $375.96 on Friday. The firm has a market cap of $136.06 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average price of $362.36 and a 200 day moving average price of $327.28. SPDR Gold Shares has a twelve month low of $236.33 and a twelve month high of $403.30.

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).