SPDR Gold Shares $GLD Shares Sold by IFG Advisory LLC

IFG Advisory LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,358 shares of the exchange traded fund’s stock after selling 1,914 shares during the period. IFG Advisory LLC’s holdings in SPDR Gold Shares were worth $4,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $34,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID increased its stake in shares of SPDR Gold Shares by 51.1% during 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 in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares during the second quarter worth about $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 2.0%

Shares of GLD opened at $370.13 on Friday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The firm’s fifty day moving average is $350.46 and its two-hundred day moving average is $322.02. The stock has a market cap of $134.32 billion, a PE ratio of -32.43 and a beta of 0.09.

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).