Independent Solutions Wealth Management LLC Decreases Stock Holdings in SPDR Gold Shares $GLD

Independent Solutions Wealth Management LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939 shares of the exchange traded fund’s stock after selling 237 shares during the period. Independent Solutions Wealth Management LLC’s holdings in SPDR Gold Shares were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GLD. Raymond James Financial Inc. increased its holdings in shares of SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of SPDR Gold Shares by 12.2% in the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after purchasing an additional 169,005 shares during the period. 59 North Capital Management LP increased its holdings in shares of SPDR Gold Shares by 76.4% in the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after purchasing an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after purchasing an additional 161,638 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $366.26 on Wednesday. The firm has a market capitalization of $130.32 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $367.27. The stock’s 50-day simple moving average is $326.92 and its 200-day simple moving average is $310.89.

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).