Sequoia Financial Advisors LLC Sells 12,609 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sequoia Financial Advisors LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 447,351 shares of the exchange traded fund’s stock after selling 12,609 shares during the period. SPDR Gold Shares comprises 1.0% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 15th largest holding. Sequoia Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $128,900,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Wealth Management LLC boosted its position in SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after acquiring an additional 388 shares in the last quarter. Marmo Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $218,000. WMG Financial Advisors LLC boosted its position in SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after purchasing an additional 851 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $217,000. Finally, Horizon Wealth Management LLC boosted its stake in SPDR Gold Shares by 61.6% in the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after acquiring an additional 31,514 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $307.12 on Thursday. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The stock has a market cap of $100.43 billion, a PE ratio of -32.43 and a beta of 0.11. The stock has a 50-day moving average of $306.39 and a two-hundred day moving average of $278.32.

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).