Legacy Capital Group California Inc. Sells 555 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Legacy Capital Group California Inc. trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 24.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,758 shares of the exchange traded fund’s stock after selling 555 shares during the period. Legacy Capital Group California Inc.’s holdings in SPDR Gold Shares were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Williams Jones Wealth Management LLC. grew its position in SPDR Gold Shares by 4.8% in the first quarter. Williams Jones Wealth Management LLC. now owns 16,442 shares of the exchange traded fund’s stock valued at $3,382,000 after acquiring an additional 746 shares during the period. Inspire Advisors LLC grew its holdings in shares of SPDR Gold Shares by 17.8% during the first quarter. Inspire Advisors LLC now owns 2,085 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 315 shares during the last quarter. Pointe Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 4.0% during the first quarter. Pointe Capital Management LLC now owns 14,478 shares of the exchange traded fund’s stock worth $2,978,000 after purchasing an additional 563 shares during the last quarter. WMG Financial Advisors LLC grew its holdings in shares of SPDR Gold Shares by 1.5% during the first quarter. WMG Financial Advisors LLC now owns 3,482 shares of the exchange traded fund’s stock worth $716,000 after purchasing an additional 52 shares during the last quarter. Finally, RPG Investment Advisory LLC grew its holdings in shares of SPDR Gold Shares by 7.8% during the first quarter. RPG Investment Advisory LLC now owns 4,133 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 300 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock traded up $4.21 during trading hours on Tuesday, hitting $228.04. 7,876,270 shares of the company’s stock were exchanged, compared to its average volume of 7,213,589. The stock’s 50-day moving average is $217.26 and its 200-day moving average is $205.24. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $228.10.

SPDR Gold Shares 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).