SPDR Gold Shares $GLD Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,888 shares of the exchange traded fund’s stock after selling 6,627 shares during the quarter. First Horizon Advisors Inc.’s holdings in SPDR Gold Shares were worth $25,267,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC boosted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Gold Shares by 9.6% during the first 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. Callan Capital LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $232,000. Finally, Financial Counselors Inc. boosted its position in SPDR Gold Shares by 13.5% during the first quarter. Financial Counselors Inc. now owns 20,066 shares of the exchange traded fund’s stock worth $5,782,000 after acquiring an additional 2,380 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.8%

GLD opened at $362.32 on Wednesday. The firm has a market capitalization of $131.12 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The firm’s 50-day moving average price is $353.79 and its 200 day moving average price is $323.63.

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).