MAI Capital Management Sells 1,174 Shares of SPDR Gold Shares $GLD

MAI Capital Management decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,805 shares of the exchange traded fund’s stock after selling 1,174 shares during the quarter. MAI Capital Management’s holdings in SPDR Gold Shares were worth $14,572,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares in the first quarter worth about $30,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Traub Capital Management LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of 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 worth $39,000 after buying an additional 46 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 0.2%

Shares of SPDR Gold Shares stock opened at $374.27 on Friday. The stock’s fifty day moving average price is $366.28 and its 200-day moving average price is $329.62. The firm has a market cap of $135.45 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $238.73 and a 12 month 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).