GWN Securities Inc. Sells 30,664 Shares of SPDR Gold Shares $GLD

GWN Securities Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 82.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,408 shares of the exchange traded fund’s stock after selling 30,664 shares during the quarter. GWN Securities Inc.’s holdings in SPDR Gold Shares were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. DAVENPORT & Co LLC grew its stake in shares of SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after purchasing an additional 896,836 shares during the last quarter. 59 North Capital Management LP lifted its holdings in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after buying an additional 471,032 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in SPDR Gold Shares during the 2nd quarter worth $120,429,000. Finally, TD Asset Management Inc lifted its holdings in SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after buying an additional 356,401 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.8%

GLD stock opened at $367.01 on Tuesday. The company has a market cap of $134.91 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $403.30. The business has a fifty day moving average of $346.92 and a 200-day moving average of $320.72.

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).