Diversified Trust Co trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 60.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,733 shares of the exchange traded fund’s stock after selling 2,595 shares during the period. Diversified Trust Co’s holdings in SPDR Gold Shares were worth $528,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the first quarter valued at $30,000. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its holdings in 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 purchasing an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new stake in SPDR Gold Shares in the first quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 0.4%
Shares of SPDR Gold Shares stock opened at $346.46 on Wednesday. The business has a 50-day moving average price of $317.99 and a two-hundred day moving average price of $305.41. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $348.75. The company has a market cap of $115.51 billion, a P/E ratio of -32.43 and a beta of 0.15.
SPDR Gold Shares Company 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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