Chesley Taft & Associates LLC Reduces Stock Position in SPDR Gold Shares $GLD

Chesley Taft & Associates LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,680 shares of the exchange traded fund’s stock after selling 4,705 shares during the period. SPDR Gold Shares comprises about 1.6% of Chesley Taft & Associates LLC’s holdings, making the stock its 16th largest position. Chesley Taft & Associates LLC’s holdings in SPDR Gold Shares were worth $36,855,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $26,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares in the second quarter valued at approximately $34,000. Kilter Group LLC purchased a new position in SPDR Gold Shares in the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares during the second quarter worth approximately $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.9%

Shares of SPDR Gold Shares stock opened at $399.29 on Thursday. The company has a fifty day simple moving average of $380.23 and a 200-day simple moving average of $340.49. The stock has a market cap of $144.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $238.73 and a 12-month high of $403.30.

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).