Harbour Capital Advisors LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Harbour Capital Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,921 shares of the exchange traded fund’s stock after selling 458 shares during the quarter. Harbour Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Cornerstone Wealth Management LLC boosted its stake in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares during the period. Marmo Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at $218,000. WMG Financial Advisors LLC raised its position in shares of SPDR Gold Shares by 18.9% in the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after buying an additional 851 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in SPDR Gold Shares during the first quarter worth about $217,000. Finally, Horizon Wealth Management LLC increased its stake in SPDR Gold Shares by 61.6% in the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after acquiring an additional 31,514 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

NYSEARCA:GLD opened at $311.08 on Tuesday. The stock has a market cap of $101.72 billion, a P/E ratio of -32.43 and a beta of 0.11. The business’s 50-day moving average price is $306.23 and its two-hundred day moving average price is $277.92. SPDR Gold Shares has a twelve month low of $212.12 and a twelve month high of $317.63.

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).