WESPAC Advisors LLC Sells 1,843 Shares of SPDR Gold Shares $GLD

WESPAC Advisors LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 51.5% in the second quarter, Holdings Channel reports. The fund owned 1,733 shares of the exchange traded fund’s stock after selling 1,843 shares during the quarter. WESPAC Advisors LLC’s holdings in SPDR Gold Shares were worth $528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the first quarter valued at $30,000. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares in the first quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.5%

NYSEARCA GLD opened at $366.26 on Wednesday. The company has a market capitalization of $130.32 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $367.27. The stock has a fifty day simple moving average of $326.92 and a 200 day simple moving average of $310.89.

SPDR Gold Shares 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).