Johnson Bixby & Associates LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,716 shares of the exchange traded fund’s stock after selling 370 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in SPDR Gold Shares were worth $1,438,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth about $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its stake 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 worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares in the first quarter worth about $53,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $346.74 on Friday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $348.75. The company has a market cap of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The business’s 50-day simple moving average is $320.20 and its 200-day simple moving average is $307.01.
About SPDR Gold Shares
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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