SPDR Gold Shares $GLD Stock Holdings Lessened by Sendero Wealth Management LLC

Sendero Wealth Management LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,566 shares of the exchange traded fund’s stock after selling 1,891 shares during the period. Sendero Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,611,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC boosted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in SPDR Gold Shares during the first quarter valued at $341,000. Rockwood Wealth Management LLC grew its stake in SPDR Gold Shares by 8.7% in the first quarter. Rockwood Wealth Management LLC now owns 1,092 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 87 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in SPDR Gold Shares by 15.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 5,811 shares of the exchange traded fund’s stock worth $1,674,000 after purchasing an additional 796 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $357.64 on Monday. 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 fifty-two week low of $236.13 and a fifty-two week high of $358.67. The business has a 50-day moving average of $324.54 and a 200-day moving average of $309.90.

SPDR Gold Shares Company 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).