First Pacific Financial Cuts Stake in SPDR Gold Shares $GLD

First Pacific Financial lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,895 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. First Pacific Financial’s holdings in SPDR Gold Shares were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. raised its holdings in SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 33 shares during the period. Mather Group LLC. raised its holdings in SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after buying an additional 34 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after buying an additional 35 shares during the period. Pinnacle Associates Ltd. raised its holdings in SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after buying an additional 35 shares during the period. Finally, FourThought Financial Partners LLC raised its holdings in SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $355.47 on Wednesday. The stock’s fifty day moving average is $321.77 and its 200 day moving average is $308.10. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $355.57. The firm has a market capitalization of $118.51 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).