Balanced Wealth Group LLC Cuts Stake in SPDR Gold Shares $GLD

Balanced Wealth Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,581 shares of the exchange traded fund’s stock after selling 140 shares during the quarter. SPDR Gold Shares accounts for 1.0% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 19th largest position. Balanced Wealth Group LLC’s holdings in SPDR Gold Shares were worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GLD. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in 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 valued at $39,000 after purchasing an additional 46 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. boosted its stake in shares of SPDR Gold Shares by 358.8% in the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $387.88 on Friday. The business has a 50-day simple moving average of $370.76 and a 200-day simple moving average of $332.25. SPDR Gold Shares has a one year low of $238.73 and a one year high of $403.30. The company has a market cap of $140.37 billion, a PE ratio of -32.43 and a beta of 0.09.

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).