SPDR Gold Shares $GLD Shares Sold by Pinnacle Financial Group LLC IL

Pinnacle Financial Group LLC IL reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 14,981 shares of the exchange traded fund’s stock after selling 548 shares during the period. SPDR Gold Shares accounts for about 1.5% of Pinnacle Financial Group LLC IL’s portfolio, making the stock its 18th biggest position. Pinnacle Financial Group LLC IL’s holdings in SPDR Gold Shares were worth $4,567,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $43,000. Finally, Decker Retirement Planning Inc. increased its stake in shares of SPDR Gold Shares by 358.8% during the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $375.96 on Monday. The business has a 50 day moving average price of $362.36 and a two-hundred day moving average price of $327.45. The company has a market capitalization of $136.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $236.33 and a 1-year high of $403.30.

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).