Jones Financial Companies Lllp Trims Holdings in SPDR Gold Shares $GLD

Jones Financial Companies Lllp trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 72.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,879 shares of the exchange traded fund’s stock after selling 60,767 shares during the quarter. Jones Financial Companies Lllp’s holdings in SPDR Gold Shares were worth $6,592,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the 1st quarter valued at about $30,000. Columbia River Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID raised its stake in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares in the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.2%

Shares of NYSEARCA:GLD opened at $334.06 on Wednesday. The business’s 50 day moving average is $311.65 and its 200 day moving average is $300.50. The stock has a market cap of $111.38 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $231.09 and a 52-week high of $338.31.

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).