Greenwich Wealth Management LLC Sells 1,006 Shares of SPDR Gold Shares $GLD

Greenwich Wealth Management LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,822 shares of the exchange traded fund’s stock after selling 1,006 shares during the quarter. Greenwich Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. American National Bank & Trust boosted its stake in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the last quarter. StrongBox Wealth LLC raised its stake in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in SPDR Gold Shares by 6.5% in the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 215 shares during the period. TD Private Client Wealth LLC boosted its stake in SPDR Gold Shares by 14.6% in the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in SPDR Gold Shares by 151.5% in the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 835 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $387.88 on Friday. The firm has a fifty day moving average of $370.76 and a two-hundred day moving average of $332.48. The stock has a market capitalization of $140.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $238.73 and a 52 week high of $403.30.

SPDR Gold Shares Profile

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).