Hudson Capital Management LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,059 shares of the exchange traded fund’s stock after selling 404 shares during the period. Hudson Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,542,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its position in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
GLD stock opened at $378.09 on Tuesday. The stock has a market capitalization of $134.00 billion, a PE ratio of -32.43 and a beta of 0.15. The company’s 50-day moving average is $332.14 and its 200-day moving average is $313.66. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $378.86.
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).
Featured Articles
- Five stocks we like better than SPDR Gold Shares
- What is the Dogs of the Dow Strategy? Overview and Examples
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- The 3 Best Fintech Stocks to Buy Now
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- Best Stocks Under $5.00
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
