Gainplan LLC Has $266,000 Position in SPDR Gold Shares $GLD

Gainplan LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.7% in the 2nd quarter, Holdings Channel reports. The firm owned 874 shares of the exchange traded fund’s stock after selling 175 shares during the period. Gainplan LLC’s holdings in SPDR Gold Shares were worth $266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the last quarter. American National Bank & Trust lifted its holdings in shares of SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 100 shares during the last quarter. Marmo Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $218,000. StrongBox Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after buying an additional 6,540 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.5%

Shares of GLD stock opened at $366.26 on Wednesday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $367.27. The firm has a market cap of $130.32 billion, a PE ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average of $326.92 and a 200-day moving average of $310.89.

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).