GM Advisory Group LLC Sells 422 Shares of SPDR Gold Shares $GLD

GM Advisory Group LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,526 shares of the exchange traded fund’s stock after selling 422 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR Gold Shares were worth $1,380,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Traub Capital Management LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter worth $34,000. Legacy Wealth Managment LLC ID increased 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 purchasing an additional 46 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. lifted its stake in shares of SPDR Gold Shares by 358.8% in the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 122 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8%

Shares of GLD opened at $383.12 on Thursday. The stock’s 50-day moving average price is $368.84 and its 200 day moving average price is $331.27. The firm has a market capitalization of $138.65 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30.

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).