SPDR Gold Shares $GLD Shares Sold by Wells Financial Advisors INC

Wells Financial Advisors INC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,021 shares of the exchange traded fund’s stock after selling 1,419 shares during the quarter. SPDR Gold Shares accounts for 5.5% of Wells Financial Advisors INC’s holdings, making the stock its 4th biggest position. Wells Financial Advisors INC’s holdings in SPDR Gold Shares were worth $3,969,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. boosted its position in SPDR Gold Shares by 12.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after acquiring an additional 169,005 shares during the last quarter. 59 North Capital Management LP boosted its position in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Gold Shares by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after acquiring an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position 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 acquiring an additional 161,638 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $369.12 on Monday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57. The firm has a market capitalization of $130.82 billion, a PE ratio of -32.43 and a beta of 0.15. The business’s 50-day simple moving average is $330.80 and its 200 day simple moving average is $313.00.

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).