International Assets Investment Management LLC Sells 6,006 Shares of SPDR Gold Shares $GLD

International Assets Investment Management LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,326 shares of the exchange traded fund’s stock after selling 6,006 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $3,148,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID lifted its position in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares in the first quarter worth about $53,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.9%

NYSEARCA GLD opened at $388.99 on Friday. The company’s 50 day moving average is $338.26 and its 200-day moving average is $316.27. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $397.28. The firm has a market cap of $138.95 billion, a P/E 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).