SPDR Gold Shares $GLD Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,170 shares of the exchange traded fund’s stock after selling 108 shares during the period. Keudell Morrison Wealth Management’s holdings in SPDR Gold Shares were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at approximately $30,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth $34,000. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% during the 1st 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 last quarter. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares during the 1st quarter worth $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.8%

Shares of GLD stock opened at $357.64 on Friday. The company’s 50-day moving average price is $324.54 and its 200-day moving average price is $309.70. The stock has a market cap of $126.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $358.67.

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).