BIP Wealth LLC Cuts Position in SPDR Gold Shares $GLD

BIP Wealth LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 754 shares of the exchange traded fund’s stock after selling 35 shares during the period. BIP Wealth LLC’s holdings in SPDR Gold Shares were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its position in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $56,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.3%

NYSEARCA GLD opened at $377.52 on Friday. The firm’s fifty day simple moving average is $345.72 and its two-hundred day simple moving average is $319.91. The firm has a market capitalization of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).