Blue Zone Wealth Advisors LLC Decreases Stake in SPDR Gold Shares $GLD

Blue Zone Wealth Advisors LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,405 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.0%

Shares of NYSEARCA:GLD opened at $369.12 on Friday. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $373.57. The company’s 50 day moving average is $330.80 and its 200 day moving average is $312.55. The company has a market cap of $130.59 billion, a PE ratio of -32.43 and a beta of 0.15.

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).