Heritage Wealth Advisors Sells 1,525 Shares of SPDR Gold Shares $GLD

Heritage Wealth Advisors cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 50.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,504 shares of the exchange traded fund’s stock after selling 1,525 shares during the quarter. Heritage Wealth Advisors’ holdings in SPDR Gold Shares were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $30,000. Traub Capital Management LLC bought a new position in SPDR Gold Shares during the second quarter worth about $34,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% in 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 during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $43,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.7%

Shares of GLD opened at $374.35 on Wednesday. The firm’s 50 day moving average is $363.91 and its 200-day moving average is $328.51. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month high of $403.30. The stock has a market capitalization of $135.48 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).