5th Street Advisors LLC Sells 2,306 Shares of SPDR Gold Shares $GLD

5th Street Advisors LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,563 shares of the exchange traded fund’s stock after selling 2,306 shares during the quarter. SPDR Gold Shares comprises 3.1% of 5th Street Advisors LLC’s investment portfolio, making the stock its 11th largest holding. 5th Street Advisors LLC’s holdings in SPDR Gold Shares were worth $6,268,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Raymond James Financial Inc. grew its stake in shares of SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares in the last quarter. 59 North Capital Management LP boosted its position in SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares during the period. Envestnet Asset Management Inc. boosted its position in SPDR Gold Shares by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in SPDR Gold Shares by 16.5% during the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after purchasing an additional 161,638 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.7%

Shares of SPDR Gold Shares stock opened at $387.39 on Thursday. The stock has a market capitalization of $137.64 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average price of $335.07 and a two-hundred day moving average price of $314.63. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $387.76.

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).