SPDR Gold Shares $GLD Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 22.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,858 shares of the exchange traded fund’s stock after selling 1,425 shares during the period. Founders Financial Securities LLC’s holdings in SPDR Gold Shares were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GLD. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $26,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the second quarter worth $34,000. Kilter Group LLC purchased a new position in SPDR Gold Shares during the second quarter valued at $34,000. Legacy Wealth Managment LLC ID grew its position in shares of 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, First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at about $43,000. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Trading Down 0.4%

Shares of SPDR Gold Shares stock opened at $411.93 on Thursday. SPDR Gold Shares has a twelve month low of $239.58 and a twelve month high of $413.76. The firm has a market capitalization of $149.08 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50-day moving average price is $383.24 and its 200 day moving average price is $343.89.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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