SPDR Gold Shares $GLD is Redhawk Wealth Advisors Inc.’s 2nd Largest Position

Redhawk Wealth Advisors Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,935 shares of the exchange traded fund’s stock after selling 30,464 shares during the period. SPDR Gold Shares makes up about 5.5% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 2nd largest holding. Redhawk Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $47,254,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TPG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares in the last quarter. Tsfg LLC lifted its position in SPDR Gold Shares by 0.9% during the second quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 33 shares during the last quarter. Seeds Investor LLC lifted its position in SPDR Gold Shares by 3.5% during the second quarter. Seeds Investor LLC now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 33 shares during the last quarter. Helen Stephens Group LLC grew its stake in SPDR Gold Shares by 2.0% in the 3rd quarter. Helen Stephens Group LLC now owns 1,721 shares of the exchange traded fund’s stock worth $612,000 after buying an additional 33 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $398.57 on Friday. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two week high of $403.30. The stock has a market cap of $144.24 billion, a P/E ratio of -32.43 and a beta of 0.09. The firm’s fifty day moving average price is $380.89 and its 200-day moving average price is $340.90.

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).