Plancorp LLC Sells 398 Shares of SPDR Gold Shares $GLD

Plancorp LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 31.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 850 shares of the exchange traded fund’s stock after selling 398 shares during the period. Plancorp LLC’s holdings in SPDR Gold Shares were worth $259,000 at the end of the most recent quarter.

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

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $344.75 on Friday. The company has a market capitalization of $114.94 billion, a PE ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average price of $319.43 and a 200-day moving average price of $306.22. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $348.75.

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).