Strategic Investment Management LLC Sells 4,200 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Strategic Investment Management LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,020 shares of the exchange traded fund’s stock after selling 4,200 shares during the quarter. SPDR Gold Shares accounts for about 4.9% of Strategic Investment Management LLC’s holdings, making the stock its 8th biggest holding. Strategic Investment Management LLC’s holdings in SPDR Gold Shares were worth $12,108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLD. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares in the 1st quarter valued at $34,000. HWG Holdings LP purchased a new position in SPDR Gold Shares in the 1st quarter valued at $53,000. Inlight Wealth Management LLC purchased a new position in SPDR Gold Shares in the 1st quarter valued at $55,000. Finally, American National Bank & Trust grew its position in SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $306.20 on Friday. The firm’s fifty day moving average price is $306.30 and its 200 day moving average price is $283.01. SPDR Gold Shares has a 1-year low of $217.52 and a 1-year high of $317.63. The firm has a market cap of $101.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).