Synergy Asset Management LLC Has $2.04 Million Stock Position in SPDR Gold Shares $GLD

Synergy Asset Management LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,698 shares of the exchange traded fund’s stock after selling 361 shares during the quarter. Synergy Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $1,210,000. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at $524,000. TFG Advisers LLC raised its stake in SPDR Gold Shares by 6.1% during the 2nd quarter. TFG Advisers LLC now owns 1,578 shares of the exchange traded fund’s stock valued at $481,000 after purchasing an additional 91 shares during the last quarter. J2 Capital Management Inc raised its stake in SPDR Gold Shares by 12.5% during the 2nd quarter. J2 Capital Management Inc now owns 5,759 shares of the exchange traded fund’s stock valued at $1,756,000 after purchasing an additional 641 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in SPDR Gold Shares during the 2nd quarter valued at $61,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $354.79 on Friday. The stock has a market cap of $125.49 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $358.67. The company has a fifty day moving average price of $323.54 and a 200 day moving average price of $308.97.

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).