Gables Capital Management Inc. Reduces Stock Holdings in SPDR Gold Shares $GLD

Gables Capital Management Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,648 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Gables Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. increased its holdings in SPDR Gold Shares by 6.7% in the 2nd quarter. Whittier Trust Co. now owns 19,757 shares of the exchange traded fund’s stock worth $6,022,000 after buying an additional 1,248 shares in the last quarter. Klingman & Associates LLC boosted its position in SPDR Gold Shares by 2.8% in the second quarter. Klingman & Associates LLC now owns 1,791 shares of the exchange traded fund’s stock worth $546,000 after purchasing an additional 48 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in SPDR Gold Shares by 4.7% in the second quarter. Avidian Wealth Enterprises LLC now owns 7,809 shares of the exchange traded fund’s stock worth $2,381,000 after purchasing an additional 348 shares during the last quarter. Journey Advisory Group LLC boosted its position in SPDR Gold Shares by 5.1% in the second quarter. Journey Advisory Group LLC now owns 25,385 shares of the exchange traded fund’s stock worth $7,738,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Alexis Investment Partners LLC boosted its position in SPDR Gold Shares by 5.9% in the second quarter. Alexis Investment Partners LLC now owns 30,767 shares of the exchange traded fund’s stock worth $9,268,000 after purchasing an additional 1,701 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 6.4%

GLD stock opened at $377.24 on Wednesday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The stock has a market cap of $136.33 billion, a P/E ratio of -32.43 and a beta of 0.15. The business’s 50-day moving average price is $341.53 and its 200-day moving average price is $317.76.

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).