Phillips Financial Management LLC Sells 250 Shares of SPDR Gold Shares $GLD

Phillips Financial Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,806 shares of the exchange traded fund’s stock after selling 250 shares during the period. Phillips Financial Management LLC’s holdings in SPDR Gold Shares were worth $1,770,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Private Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $351,000. D.A. Davidson & CO. lifted its position in shares of SPDR Gold Shares by 13.3% during the second quarter. D.A. Davidson & CO. now owns 61,056 shares of the exchange traded fund’s stock valued at $18,612,000 after purchasing an additional 7,144 shares in the last quarter. Blume Capital Management Inc. lifted its position in shares of SPDR Gold Shares by 5.3% during the second quarter. Blume Capital Management Inc. now owns 1,980 shares of the exchange traded fund’s stock valued at $604,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. lifted its position in shares of SPDR Gold Shares by 6.7% during the second quarter. Whittier Trust Co. now owns 19,757 shares of the exchange traded fund’s stock valued at $6,022,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Klingman & Associates LLC lifted its position in shares of SPDR Gold Shares by 2.8% during the second quarter. Klingman & Associates LLC now owns 1,791 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 48 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $377.24 on Wednesday. The company’s 50-day moving average is $341.53 and its 200 day moving average is $317.76. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The firm has a market capitalization of $136.33 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).