RPg Family Wealth Advisory LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the second quarter, HoldingsChannel reports. The fund owned 1,638 shares of the exchange traded fund’s stock after selling 100 shares during the period. RPg Family Wealth Advisory LLC’s holdings in SPDR Gold Shares were worth $218,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Archford Capital Strategies LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Icon Wealth Partners LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $47,000. First National Bank of South Miami boosted its stake in SPDR Gold Shares by 375.0% during the second quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 300 shares during the period. Glassman Wealth Services acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at about $56,000. Finally, CenterStar Asset Management LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at about $85,000.
Shares of SPDR Gold Shares stock traded up $1.06 on Wednesday, reaching $141.24. The company had a trading volume of 542,693 shares, compared to its average volume of 9,253,137. The firm’s 50 day moving average price is $140.56 and its two-hundred day moving average price is $128.84. SPDR Gold Shares has a 52-week low of $111.85 and a 52-week high of $146.82.
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).
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