Lyell Wealth Management LP Sells 2,558 Shares of SPDR Gold Shares $GLD

Lyell Wealth Management LP lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,810 shares of the exchange traded fund’s stock after selling 2,558 shares during the period. Lyell Wealth Management LP’s holdings in SPDR Gold Shares were worth $12,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its holdings in 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 worth $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the 1st quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 1.9%

Shares of NYSEARCA:GLD opened at $388.99 on Monday. The company has a market capitalization of $138.95 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $397.28. The business’s fifty day simple moving average is $338.26 and its 200-day simple moving average is $316.48.

SPDR Gold Shares Company 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).