SPDR Gold Shares $GLD Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,436 shares of the exchange traded fund’s stock after selling 762 shares during the quarter. Ingalls & Snyder LLC’s holdings in SPDR Gold Shares were worth $7,754,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after purchasing an additional 400 shares in the last quarter. Beacon Financial Advisory LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $227,000. Finally, Diversified Trust Co raised its stake in shares of SPDR Gold Shares by 8.0% in the 1st quarter. Diversified Trust Co now owns 4,328 shares of the exchange traded fund’s stock valued at $1,247,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $377.52 on Friday. The firm has a market cap of $138.78 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s 50-day simple moving average is $345.72 and its 200-day simple moving average is $319.91. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30.

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).