Schmidt P J Investment Management Inc. Sells 100 Shares of SPDR Gold Shares $GLD

Schmidt P J Investment Management Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 3,850 shares of the exchange traded fund’s stock after selling 100 shares during the period. Schmidt P J Investment Management Inc.’s holdings in SPDR Gold Shares were worth $1,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the 1st quarter valued at $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID raised its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth $43,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.3%

GLD opened at $377.52 on Monday. The firm has a market cap of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $403.30. The stock has a fifty day moving average price of $345.72 and a 200-day moving average price of $320.15.

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).