SPDR Gold Shares $GLD Shares Sold by WorthPointe LLC

WorthPointe LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,949 shares of the exchange traded fund’s stock after selling 4,390 shares during the period. SPDR Gold Shares accounts for about 0.8% of WorthPointe LLC’s holdings, making the stock its 21st biggest position. WorthPointe LLC’s holdings in SPDR Gold Shares were worth $2,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares in the second quarter valued at $26,000. Traub Capital Management LLC purchased a new position in shares of SPDR Gold Shares during the second quarter worth about $34,000. Kilter Group LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at about $34,000. Legacy Wealth Managment LLC ID raised its stake in SPDR Gold Shares by 51.1% during the 1st 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, First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2%

Shares of GLD stock opened at $416.74 on Monday. The company has a market capitalization of $150.82 billion, a P/E ratio of -32.43 and a beta of 0.09. The business’s 50 day moving average is $384.10 and its two-hundred day moving average is $345.66. SPDR Gold Shares has a twelve month low of $239.58 and a twelve month high of $418.45.

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.