Chevy Chase Trust Holdings LLC Has $1.37 Million Stock Position in SPDR Gold Shares $GLD

Chevy Chase Trust Holdings LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,507 shares of the exchange traded fund’s stock after selling 622 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in SPDR Gold Shares were worth $1,374,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of 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 worth $39,000 after buying an additional 46 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth $56,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 6.4%

SPDR Gold Shares stock opened at $377.24 on Wednesday. The company has a market capitalization of $136.33 billion, a PE 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. The stock has a 50-day moving average price of $341.53 and a two-hundred day moving average price of $317.76.

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).