Wingate Wealth Advisors Inc. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 3,876 shares of the exchange traded fund’s stock after selling 194 shares during the period. Wingate Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,182,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the first quarter valued at approximately $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings 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 in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of GLD opened at $388.99 on Friday. The company has a market capitalization of $138.95 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 $397.28. The business’s 50 day simple moving average is $338.26 and its 200-day simple moving average is $316.27.
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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