Exencial Wealth Advisors LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,089 shares of the exchange traded fund’s stock after selling 3,207 shares during the period. Exencial Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $19,231,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its stake 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 worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in SPDR Gold Shares in the first quarter valued at about $56,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $377.24 on Wednesday. The stock has a 50-day moving average of $341.53 and a two-hundred day moving average of $317.76. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30. The stock has a market cap of $136.33 billion, a PE ratio of -32.43 and a beta of 0.15.
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).
Featured Articles
- Five stocks we like better than SPDR Gold Shares
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Beware The Death Cross: 3 Stocks Triggering This Spooky Signal
- What to Know About Investing in Penny Stocks
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- What does consumer price index measure?
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
