Morton Capital Management LLC CA reduced its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,621 shares of the exchange traded fund’s stock after selling 432 shares during the period. Morton Capital Management LLC CA’s holdings in SPDR Gold Shares were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID lifted its stake in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares during the first quarter valued at approximately $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
GLD stock opened at $366.26 on Wednesday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $367.27. The firm has a market cap of $130.32 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a 50 day simple moving average of $326.92 and a 200 day simple moving average of $310.89.
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).
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