Retirement Financial Solutions LLC Decreases Holdings in SPDR Gold Shares $GLD

Retirement Financial Solutions LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 79.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 813 shares of the exchange traded fund’s stock after selling 3,054 shares during the quarter. Retirement Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $289,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLD. Sandy Cove Advisors LLC increased its stake in shares of SPDR Gold Shares by 37.5% during the 3rd quarter. Sandy Cove Advisors LLC now owns 1,833 shares of the exchange traded fund’s stock worth $652,000 after purchasing an additional 500 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $254,000. Cresta Advisors Ltd. bought a new position in SPDR Gold Shares during the third quarter valued at $976,000. WT Wealth Management increased its position in SPDR Gold Shares by 5.4% in the third quarter. WT Wealth Management now owns 2,907 shares of the exchange traded fund’s stock worth $1,033,000 after buying an additional 149 shares during the last quarter. Finally, Trust Co. of Oklahoma bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $213,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $398.28 on Monday. The stock has a market capitalization of $149.24 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $242.05 and a one year high of $418.45. The business’s fifty day moving average price is $385.59 and its 200-day moving average price is $348.66.

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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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