Members Trust Co Lowers Holdings in SPDR Gold Shares $GLD

Members Trust Co decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,057 shares of the exchange traded fund’s stock after selling 240 shares during the quarter. Members Trust Co’s holdings in SPDR Gold Shares were worth $932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Brighton Jones LLC boosted its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC boosted its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. GAMMA Investing LLC boosted its stake in shares of SPDR Gold Shares by 226.0% in the first quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after purchasing an additional 400 shares during the period. Lazari Capital Management Inc. lifted its stake in SPDR Gold Shares by 104.6% in the first quarter. Lazari Capital Management Inc. now owns 2,645 shares of the exchange traded fund’s stock worth $762,000 after acquiring an additional 1,352 shares during the last quarter. Finally, Professional Financial Advisors LLC lifted its stake in SPDR Gold Shares by 3.9% in the first quarter. Professional Financial Advisors LLC now owns 10,699 shares of the exchange traded fund’s stock worth $3,083,000 after acquiring an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 6.4%

Shares of SPDR Gold Shares stock opened at $377.24 on Wednesday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The company has a 50 day moving average of $341.53 and a 200 day moving average of $317.76. The company has a market capitalization of $136.33 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).