SPDR Gold Shares $GLD Shares Sold by MBL Wealth LLC

MBL Wealth LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,596 shares of the exchange traded fund’s stock after selling 345 shares during the period. MBL Wealth LLC’s holdings in SPDR Gold Shares were worth $3,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its stake in shares of 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 valued at $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.8%

GLD stock opened at $357.64 on Friday. The company has a market capitalization of $126.50 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $358.67. The business’s fifty day moving average price is $324.54 and its 200 day moving average price is $309.70.

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).