Addison Capital Co Sells 250 Shares of SPDR Gold Shares $GLD

Addison Capital Co reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,037 shares of the exchange traded fund’s stock after selling 250 shares during the period. Addison Capital Co’s holdings in SPDR Gold Shares were worth $2,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares in the first quarter worth about $30,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings 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 worth $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares in the 1st quarter valued at approximately $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $335.26 on Thursday. The stock has a market capitalization of $111.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company’s fifty day simple moving average is $312.17 and its two-hundred day simple moving average is $300.74. SPDR Gold Shares has a 1 year low of $231.09 and a 1 year high of $338.31.

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).