Prime Capital Investment Advisors LLC Sells 31,679 Shares of SPDR Gold Shares $GLD

Prime Capital Investment Advisors LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 56.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,723 shares of the exchange traded fund’s stock after selling 31,679 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $7,536,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at $30,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth $34,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its holdings in SPDR Gold Shares by 51.1% in 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 during the period. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares in the first quarter worth about $53,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.9%

SPDR Gold Shares stock opened at $364.38 on Tuesday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $365.30. The company has a market cap of $129.65 billion, a P/E ratio of -32.43 and a beta of 0.15. The business has a 50-day simple moving average of $325.72 and a two-hundred day simple moving average of $310.51.

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).