Envestnet Portfolio Solutions Inc. Decreases Stock Position in SPDR Gold Shares $GLD

Envestnet Portfolio Solutions Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 90,067 shares of the exchange traded fund’s stock after selling 6,960 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $27,455,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GLD. Principal Securities Inc. grew its stake in SPDR Gold Shares by 0.3% in the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the last quarter. TPG Advisors LLC grew its position in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 33 shares during the last quarter. Mather Group LLC. grew its position in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after acquiring an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its position in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of GLD opened at $369.12 on Monday. The company has a 50 day moving average of $330.80 and a two-hundred day moving average of $313.00. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $373.57. The company has a market cap of $130.82 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).