SPDR Gold Shares $GLD Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,561 shares of the exchange traded fund’s stock after selling 5,166 shares during the quarter. SPDR Gold Shares comprises 1.1% of Royal Fund Management LLC’s holdings, making the stock its 16th largest position. Royal Fund Management LLC’s holdings in SPDR Gold Shares were worth $11,450,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC increased its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in SPDR Gold Shares during the first quarter worth about $227,000. Cary Street Partners Investment Advisory LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $122,000. Finally, Citizens Financial Group Inc. RI raised its stake in SPDR Gold Shares by 34.6% during the first quarter. Citizens Financial Group Inc. RI now owns 25,348 shares of the exchange traded fund’s stock worth $7,304,000 after purchasing an additional 6,516 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $387.13 on Friday. The firm has a 50 day simple moving average of $374.19 and a 200-day simple moving average of $334.79. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30. The stock has a market cap of $140.10 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

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).