Madden Advisory Services Inc. Reduces Position in SPDR Gold Shares $GLD

Madden Advisory Services Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,799 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. Madden Advisory Services Inc.’s holdings in SPDR Gold Shares were worth $548,000 at the end of the most recent reporting period.

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

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $366.26 on Wednesday. The firm’s 50 day simple moving average is $326.92 and its 200-day simple moving average is $310.89. SPDR Gold Shares has a one year low of $236.13 and a one year high of $367.27. The firm has a market cap of $130.32 billion, a PE ratio of -32.43 and a beta of 0.15.

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).